Iofina Share Discussion Threads

[che7win] 16/12/2014 13:20

And green wellies to walk in the dung, tobacco pipe obligatory for the relaxing journey.Over the shoulder is slung a gold plated toaster, held in hand via opposable thumbs on much talked about plug.

[trav5] 16/12/2014 13:19

In my opinion the company need to be more open as to what thier operating costs are with the lower production figures which are well short of what they were predicting in 2013. I know there are some well informed poster's does anyone have any idea what the current operating costs are based on the predicted output of approx 325mt?

[monkeymagic3] 16/12/2014 13:16

Yellow Jersey?

Brown Trousers would be more appropriate.

[che7win] 16/12/2014 13:08

Yello jersey, the PR company has been found wanting....

[woodpeckers] 16/12/2014 13:05

Do we have anyone overseeing PR at the company? I appreciate that they tried to cut staff expenditure to a minimum but I for one would be more than happy to see a bit of cash spent in that direction.

I think the trouble is that the board we have have undoubtedly great experience in the fields of iodine and water, but little experience/interest in how the company portrays itself to the market.

[festario] 16/12/2014 13:05

He may well be in the process of doing that to us!

[roundup] 16/12/2014 12:43

No, the present management haven't done anything to support the share price. Maybe this policy is best known to themselves. Unless things have changes from what we were promised, then It is hard to understand why there are still shareholders willing to sell at these levels. They are not banking profits that is for sure.

[festario] 16/12/2014 12:43

At this rate, we'll have to organise a charity Telethon for Mr Big!

Is Bob Geldof or Terry Wogan available at the moment?

[che7win] 16/12/2014 12:37

Monkey,
we did over 40mt on 3 plants.

Our 6 plants should be producing at a minimum 600 MT on an annual basis, but who knows - the company is in hiding.

[freshvoice] 16/12/2014 12:30

And what have the current management done to the sp?

[cyberbub] 16/12/2014 12:24

600-700mt should be easily achievable if the existing units get a clear run IMO. The statement last year was made by an incompetent management, as we know to our cost...

[monkeymagic3] 16/12/2014 12:19

"The combined annual production rate from IO#1 through IO#6 is expected to be in the range 700-1,000 tonnes of crystallized iodine."

Almost a year to the day (16th Dec 2013).

[che7win] 16/12/2014 12:07

One other thing - study oil charts and you will see drops like are happening are very strong, but bounces back happen nearly as quickly.

The issue is US fracking is at record amounts whilst economies haven't grown as fast as expected.

Oil supply is only about 3% too much, not enough to warrant a 50% fall in prices. It's a one way ticket right now, BP, Shell, Chevron are cutting costs and expenditure very fast.

Chevron pulled out of Ukraine fracking deal, BP culling staff and projects, it's a welcome correction and sets the market up for recovery next year.

[che7win] 16/12/2014 11:54

ck is correct, oil price doesn't reflect on IOF.

If anything, it will reduce brine disruption in the short term, but oil wells run for 30-40 years, I've independently researched the water from the wells and it is indeed 7-10 gallons per barrel of oil.

Also, Bakken area water doesn't reduce at same rates as oil.

Our Oil companies supplying us have plans to continue fracking new wells next year and their plans are credible to me.

Only possible issue is 2016 when some suppliers may be taken over as I see consolidation taking place.
As far as I've researched, the O&G companies we are working with are well hedged on their oil for 2015.

Consolidation will take place between the weaker hands being consumed by the stronger.

Another side effect is that the O&G companies will be more keen to do business with us, and whats more to ensure we get good ppm brine supply as we reduce their costs.

That being said, I expect oil fracking to tail off in the US for new wells, indeed there are quite a few out there drilled and sitting.

Oil production will plateau in the US and I expect some of the drilling companies will suffer.

I expect costs to come down for them as they were paying high rates for drilling, our costs and employee retention might be easier.

I hear some of the profitable wells in the Bakken are rumoured at $24 - from a few reports.
It's interesting that the fracking where we are - costs aren't considered too much as oil was over $90 so they can do things a lot more efficiently - just as the gas frackers have become more efficient with the gas glut in the US lowering prices. Same will happen with oil.

[heartwell] 16/12/2014 11:45

Maybe UKIP will except a IOU note ?

[josh_ftm] 16/12/2014 11:43

Anyone else think that these drops are massively overdone? We're 8p away from the April news where this got hammered. From there I believe we have realigned the business. This should be nowhere near 30p. IMHO the board should be releasing production numbers this year and a separate water RNS update once the final outcome is known, if not this is going to keep drifting down.

[captain_kurt] 16/12/2014 11:34

Kat, In the short term it pays to pump oil from existing installations (extraction cost, say $10, income, $ 60)

From Chairman "Not worried on brine to existing plants at any price."

[heartwell] 16/12/2014 11:29

Banksy down over £1M quid here. Think of him over xmas. Stay strong buddy

[kattatogaru] 16/12/2014 11:25

When you're done kicking the trolls, what do you think the oil price crash will do to the brine feed to IOF plants?

[monkeymagic3] 16/12/2014 10:56

You had the chance at £2.50 Fest!

[festario] 16/12/2014 10:51

SG, I would very much like to have the opportunity to turn into an idiot,and be despised due to the fortune I made. (or even more of an Idiot perhaps.

[superg1] 16/12/2014 10:31

On the flip side, the other guy I knew very well who made a fortune over an idea turned, into an idiot now despised by most that know him. Got his money, ran up debts to the wrong type of folks, in the wrong EU countries, and they had their pound of flesh.

[superg1] 16/12/2014 10:22

From experience money changes most decent folks into unrecognisable morons.

But there is always an exception. That guy at darts years ago, a quiet unassuming chap running his book for horses in the local pub and a dart team member.

He took it online when the web came and I think the figure he got was £80 million. He didn't change, still the same quiet bloke that plays darts. The one change is that he saw some potential in the players and sponsors one in competitions across Europe, taking his fellow dart players on his private jet to watch him play.

Same chat, same beer, same pub, and still a genuinely nice bloke, who doesn't get drunk and spout off about how great he is, belittling those all around him.