Iofina Share Discussion Threads

[germanicus] 07/10/2014 16:09

Water, water, every where, And all the boards did shrink; Water, water, every where, Nor any drop to drink.

Rime of the Ancient Mariner - Coleridge :)


G ;-)

[germanicus] 07/10/2014 15:57

"In the long run, we're all dead" - John Maynard Keynes


G ;-)

[woodpeckers] 07/10/2014 15:23

I think the longtermers on here all have Patience as their middle name so I suppose a little longer won't kill any of us!

“Success is sweet: the sweeter if long delayed and attained through manifold struggles and defeats.”

― Amos Bronson Alcott

;-)

[superg1] 07/10/2014 15:06

Exactly Briley.

If it had hit 70 or 80p yesterday the share price would be all over the place on huge swings now.

I think the chance of a valid objection is very slim. However funds are more than happy to wait for no objections, and details of what next?

The odd fund manager may do a bit of DD and take the plunge based on what they find, including a chat with IOF to find out the plans.

[brileyloucan] 07/10/2014 14:57

Don't complain about the low share price. As you know the price is cheap - buy more. You only need to care about the share price if you are looking to sell. Eventually it will take care of itself.

[superg1] 07/10/2014 14:54

I think the main point is the market sees we haven't got a permit, we have a preliminary determination to grant subject to no valid objections.

Then if no valid objections we have the permit immediately at the end of the notice period.

Then they want to know of IOF are going to fund raise to build the depot etc etc.

A valid objection slows the process up, I think one is unlikely to appear, but if one does it delays things further, not fatally just irritatingly, as the adverse effect issues has already been signed off. It doesn't stop a NIMBY playing up.

Between now and then, the funding side may be wiped off the list by a JV, or details from IOF on how they would proceed. The latter is unlikely as they would want the permit fully granted before laying out a plan of what happens next.

If a JV is the definite route, there is no problem is saying that with the condition of subject to full approval of the permit.

Last but not least, the public notice period is as yet unknown, and probably hasn't started yet. The public notice period starts, when it's put out as a public notice, by the water bureau.

IOF have said all that needs saying so far on the topic. If there is something material to add, we'll hear about it.

[cyberbub] 07/10/2014 14:33

No roundup, just short term manipulation for the benefit of bigger fish... makes no difference long term... IMO

[roundup] 07/10/2014 14:32

I'm amazed at what is happening to this share price over the last 24 hours. The market has ignored the good news which we have all been waiting for. It seems to me there is skullduggery at work here and a lot of PIs are falling for it.

[arlington chetwynd talbot] 07/10/2014 13:56

48 eh? lol

[angel of the north] 07/10/2014 13:46

There are some new photos taken September on the website.

[cyberbub] 07/10/2014 13:32

Doubt 80p would succeed... now 150p I would say yes... but would have to be after confirmation of the water permit in the next few weeks, at which point I hope we will be higher anyway...

[bocker01] 07/10/2014 13:31

Che, I suspect that Halliburton and IOF are hand in glove. The LOI did not appear without discussions about what would happen post permit success. By trying to buy IOF, they would risk competitor counter-bids, a drawn out saga and spoiling tactics. The alternative is to sign the JV as soon as the permit goes firm and bank the water. I suspect the ink has dried or is drying on binding agreements subject only to final local government sanction right now. I suspect we will see a JV RNS very shortly after final sanction. Shortly being very short.

[che7win] 07/10/2014 13:29

What's more, a bid comes in for 80p, it would probably succeed if hostile, I didn't know shareholders valued this business so low. Management need to inform the market on water prospects immediately

[che7win] 07/10/2014 13:18

It is a worry when a business isn't valued correctlyHalliburton should just buy IOF and dispose of the iodine side to SQM. Water business for free and no jv needed. It's almost like the market is egging on someone to make a bid.

[woodpeckers] 07/10/2014 13:16

SG, not suggesting that the water business isn't lucrative, I think we are all grateful to you for making us aware just how lucrative it is.

With that in mind though we should be able to command a very large sum of money for it and I just get the impression that Lance & Tom are iodine men who want to be the world leaders and would welcome the opportunity to achieve that given a nice sum of cash in the bank.

Time will tell anyway and either way is a win win situation for shareholders.

[bobsworth] 07/10/2014 12:39

I note the continuous water pumping depot with its 10 bays pumping at 4,000 gallons per minute has far more pumping capacity than the allocated 37,468,000 barrels per annum.

I assume the extra pumping capacity at this stage is to allow for future increases in the annual barrels per year allowed as more water rights applications are applied for.

Also note that with this excess pumping capacity this depot could, if it takes 6 months to build, have the capacity to still pump the full annual 37,468,000 barrels allowed in the remaining 6 months of 2015.

If Iam right then that's a lot more (double!) water revenue income and profit for 2015!

[woodpeckers] 07/10/2014 11:56

Thanks SG. I very much get the feel that though they obviously want to capitalise on the many opportunities available to them, what excites them is reaching their goal of becoming a global leader in the iodine industry.
With that in mind I wouldn't be at all surprised if they did eventually sell the water side of the business if the right offer came along giving them the cash to plough in to the iodine side.

[superg1] 07/10/2014 11:15

They had always called it that (as in the original registration of the business in Delware) and wondered whether to carry on with the name. I thought they should as it distinguishes the water business from iodine.

It stills gets called Iofina natural gas as it is, which would instantly put anyone off just for the gas word alone.

The recent line that Che discussed

The Company will not fund this non-core water project with the current Iofina cash on hand but instead seek a joint venture partner or specific project financing exclusively within Atlantis Water Solutions.

To me that sounds like a potential division of the business early on incase they fancy disposing of it in full to concentrate on being the number 1 in iodine.

Objection period first, not discounting JV news prior, and let's see what happens.

There is still the aspect of an application for ND too, which the last I heard is still in play.

[woodpeckers] 07/10/2014 11:02

Well spotted SG, certainly bodes well for our acreage!

With regards your comment "part of the delay was to get the LOI's changed to Atlantis in the letters as the originals said Iofina."
Any idea why they wanted to presumably separate the water from the main company? Could this suggest that they intend to sell it off at some point?

[superg1] 07/10/2014 10:53

Spidey

Apols I pasted that after a request, the 2,300 to 2,800 is the entire LOI amounts.

So that end figure includes the 2000 to 2500 acre feet from 2 oil services companies (Hal one of them)

For a permit you need to achieve 50% of the requested amount in letters of intent. So IOF had well over that required rate, which is why it should have been awarded in the first place.

I have noted something which I didn't mention. The original Hal deal was for 100k bpd, hence IOF could apply for double that in the original 10,000 acre feet idea.

The letter of intent from covers 20,000 to 30,000 bpd.

Now go back to the original plan of 3 depots strategically located and it's starts to add up to near the total 100k bpd.

So it seems to me their are some LOIs in the back pocket of Hal, ready to evidence beneficial use, for any further depots in strategic locations.

The original plan was 3 in strategic locations, you have to do them one at a time.

I recall the 'Where is the application' cries. Now all know the work that has to go on before you apply.

Lease land, legal, rights of way, full engineer report, full depot plans and so on. Once that is done an application goes in.

[spike_1] 07/10/2014 10:47

Well (pun) spotted SG!

[superg1] 07/10/2014 10:27

Hmmmm interesting oil development.

Montana exploration are a small Canadian company with holdings in Blaine county just East of IOF.

They claimed to have found live oil, talked about one well and trying to determine if there was to be a flow, but overall they have been very quiet.

Then this just popped up (only just spotted it)


Montana Exploration Corp. Announces Agreement to Acquire Joint Venture Agreement

CALGARY, Oct. 6, 2014 /CNW/ - Montana Exploration Corp. ("MTZ") (TSXV:MTZ) announces that it is acquiring all of the acreage held with its joint venture partner within its area of mutual interest in Montana, which is comprised of approximately 36,000 net acres, for the purchase price of $4 million USD to re-establish MTZ's 100% working interest across its joint venture block. MTZ is pursuing a development drilling program offsetting its recent discovery in the Upper Shaunavon. MTZ's acreage is an extension of the Shaunavon oil pool in Saskatchewan. The acquisition will increase the impact of new development drilling activities on MTZ and enhance the ability of the company to partner on future exploration activities. The acquisition is scheduled to close during October 2014.


Hmmmm I wonder what has prompted them to take a 100% interest in their 'live oil' area (previous comment)

The last thing they said about a well was

"Limited oil has been recovered from the well but a stabilized production rate has not yet been established. Results of the well will be evaluated through an
extended flow test and Montana will consider targets for a further exploration/ development program."


I also know they have completed a 3D survey which they evaluated and said,

"we have identified multiple drilling targets, within multiple types of features"

"what we do see, is multiple targets, we've identified 8 initial targets selected out of multiple potential locations"


So having drilled a well, and looked at the 3D data in detail, with multiple targets they have taken 100% of the interest in the acreage as above.

[spideyyy] 07/10/2014 10:18

hi SG1.Re in the Header .Im intrigued by the award of 2300-2800AF to three Fire departments.Can you envisage this being something that could be expanded on (why 3?)any help much appreciated