Iofina Share Discussion Threads

[ridicule] 19/12/2014 10:26

SuperG Investors closing shorts adds to my observation that those selling long T20s on expiry or, anyone selling at all at this share price level, must be forced sellers. Logic dictates holding until the year end update and water news.

Boggle, I normally agree with you, but your excellent earlier analysis of IOF highlights why the current share price is way too low. Hence, even if they just confirm iodine production is in line with forecasts, I would still expect the share price to move up regardless of the water announcement.

[bogg1e] 19/12/2014 10:16

cyber, I could be wrong but i am assuming that the production update will be given along with reults from the water hearing. We know that they are on target, so good news on production is only "in line" and probably wont do much to the share price However Halliburton paying say $25 mil shud do wonders for the bank sheet, the share price and ultimately enables Lance to continue the roll out. This has been fasinating me for ages. We lame the previous management for thier decisions, but we dont know what Lance would have done exactly, so im very interested in the routes he plans to take. 2 more full scale plants and 6 minis to start with imo; enough to cover IOC expansion and guarantee offtake agreements as well as getting us well over the 1000 tonne per year mark, even if IO1-6 take another 6 months to get up to full speed.

[superg1] 19/12/2014 10:13

Here is another interesting one from Goldman



“Costs are falling nearly as fast as the price, which means oil producers can spend less to get the same or potentially even more in terms of production,” the bank said. “While reductions in capex are coming faster than expected, it is unlikely to translate into less supply” it said, adding that drill-rig rates have dropped as much as 20 percent.

While data from Baker Hughes Inc. shows U.S. producers idled the most rigs in two years last week, this count was almost entirely for vertical machines, not the horizontal drillers used for shale output, according to Goldman.

'explorers can drill new wells profitably in some areas even if crude falls to $25 a barrel, according to ITG Investment Research Inc.'

[superg1] 19/12/2014 09:22

The short chart link is on the finances thread.

You will see they have been closing recently not opening shorts.

[ridicule] 19/12/2014 09:18

Cyber. As you say, with 10 trading days to go until the annual update, that could come at anytime if they have good production visibility, it seems amazing to see sells this AM. It must surely be T20 traders running out of time on uncovered margin. I cannot see of any other reason to sell now at the current price.

I have been taking out (covered) T20 buys over the past few days with the option to turn a significant profit within the T20 period or to let them run as part of my long term holding.

[superg1] 19/12/2014 08:42

Yash

If you are looking at lithium investments, then keep on eye on what Enirgi group are doing in Argentina. They are private but they claim to have come up with some tech that produces lithium in 24 hours rather than the 500 day evaporation method, they plan to hit 50,000 mt per year (ib 2017 I think). That amount should impact lithium prices as SQM Suggested RB's intended 20,000 mt would.

Nice article Che, that explains it nicely. That's why wells doing 3 barrels per day stay open as in examples given recently. If wells are making a profit they stay open, if not they close them.

There are plenty of shut gas wells in OK with high iodine contents, which are there waiting to be exploited in the future.

[cyberbub] 19/12/2014 07:21

Hopefully only 10 trading days until the productiom update?

[yasharsad] 18/12/2014 22:07

Thanks CheInteresting articles.

[hurricane.] 18/12/2014 21:39

Thanks che7win, very interesting indeed. Onwards and upwards for iofina's iodine business model!

'In the U.S., Exxon spent an average of $12.72 to extract a barrel of oil last year, its cheapest operating region aside from Asia and Europe, company figures showed. Some operators have even lower costs: Continental Resources Inc. (CLR) spends about 99 cents to pump each barrel from its 1.8 billion-barrel discovery known as the South Central Oklahoma Oil Province, or SCOOP. Continental, controlled by Oklahoma billionaire wildcatter Harold Hamm, discovered the SCOOP in 2012.'

[che7win] 18/12/2014 21:06

Interesting article on oil in relation to recent discussions:

[che7win] 18/12/2014 20:41

You're a braver person than me, but they are a quality company.

Oil prices will have an effect, recent articles





I admire the way they have given all their patents way freely to their rivals, and the Tesla Model S P85D is a fantastic car.
However, Mercedes, Porsche, BMW and Audi will provide steep competition from here on, they are throwing €6bn at BEV cars.

[yasharsad] 18/12/2014 20:32

Re 28130I'm a holder of Tesla too. And it seems they are confident of their growth. With their mega factory and expansion in Europe. Oil prices are in their cyclical down leg now. There will be an upwards move at some point. Also, lithium has got other uses too, the laptop that you are using it or your smart phone to certain drugs such as antidepressants tall have Li in there.Tesla Supercharger Network in Switzerland Keeps GrowingSource: PR Newswire (US)ZURICH, December 12, 2014 /PRNewswire/ --Two new stations in St. Moritz and Martignyallow convenient long distance travel to ski resorts in Switzerland and Italy - for free With the opening of two new Supercharger locations, Tesla Motors has expanded its Supercharger network in Switzerland to six locations.

[superg1] 18/12/2014 18:38

I'd be surprised if it that long Che. With iodine at these prices and 600mt of inventory I think continuing operations will be losing them money.

Q4 is generally quiet and there is no point sitting on the iodine until they pass away. Within 6 weeks seems a fair bet to me.

[che7win] 18/12/2014 18:30

30th April.

A real possibility that lithium demand slumps with the oil price fall.
Who needs a Tesla vehicle with the price of petrol.

[superg1] 18/12/2014 18:26

Well it's said there was little sign of a supply going into the afternoon too, so lets see how tomorrow goes.

It's said, as posted at the time (repeatedly) that a large holding got hit on a margin call.

[superg1] 18/12/2014 18:05

I fancy a sweepstake on which day RB will announce closure of the iodine mine. Perhaps it will be at the same time as goodbye and goodnight.

It will happen.

If they thought fund raising was bad months ago, then it probably seemed like shelling peas compared to now.

[magwich] 18/12/2014 16:57

Probably busy buying presents!!

[captain_kurt] 18/12/2014 15:51

Yes busy buying :)

[jbe81] 18/12/2014 15:50

Returning to sensible price (min 40p) hopefully

[woodpeckers] 18/12/2014 15:29

Gone very quiet on here, are you all busy buying shares?

[alphacharlie] 18/12/2014 13:56

SG and all interested parties - a similar trick works with screen savers on a computer, specifically 'Snagit' or the screen saver that runs within 'Advanced SystemCare 8' which are on our works machines. The screen freezes and you can read whatever is present for as long as you like or until you cancel that instance.

Don't see why it wouldn't work with other screen savers.

edit: - Sorry - it's a screen capture utility not a screen saver . . .

[superg1] 18/12/2014 10:20

A quick tip re level 1 watch lists.

If you are not a subscriber you get a few seconds look at your monitor list.

If you use an iPad as soon as it loads hold 2 fingers on the screen and expand it slightly keeping your fingers on the screen, then move up and down to check your list.

Doing that freezes the screen and you can browse the list at your leisure.

[superg1] 18/12/2014 09:42

Kat

No need happy to answer questions all day long.

Just heard that the long pain caused by a margin call may be over. Suggested little stock around today, that may explain the bounce yesterday here and on QFI.

I thought the bears were targeting QFI to force margin calls and it seems to have worked. I know QFI is popular with IOF holders.

Anyway that's the whisper this morning but DYOR

[kattatogaru] 18/12/2014 07:34

Thanks SG for your patient explanations re water use.