Iofina Share Discussion Threads

[worraps] 19/6/2013 08:29

Chocks away! I think the matter of fact tone is IOF's style, and in a way is reassuring that they don't sing their own praises like some other companies. I have come away from reading the statement feeling we are on very solid ground, and that we know what to expect, and that it will be delivered.

[che7win] 19/6/2013 08:24

As we know the technology works today's statement again reiterates that.

The hard work now is in the rollout, I always considered the rollout would have hiccups along the way, nothing unusual in that.

6 plants on track for production by year end will make next years profits extremely impressive, flattered in comparison to this year.

Throw in some mobile pods on hyper iodine sites, and we could have 2500 ppm as superg suggests for the run rate.

I was a bit surprised by the fall, a three month lower run rate for io2 is a small negative, tempered with better performance expected in H2.

Don't want to come across as negative, but I think todays statement is all very matter of fact, we should be shouting from the roof tops that we are changing the iodine world.

[superg1] 19/6/2013 08:21

Re power if you read the Mid-states updates they are banging in new pipelines, SwD's and in field back up generators to brine pumping stations.So the parts re io2 on that make perfect sense to me. I was hoping the extra brine would be the new wells not old lower ppm, clearly it is the case, so overall production will be higher than getting older brine included.I've said it plenty of times, there is high bpd in OK with high ppm's.Rumours of higher ppm's in recent days but now it's hyper.Grumble, groan, doubt yourself, second guess, or whatever. I know where to find the facts, and have done so.Presentation 'if we get to 30 k bpd per plant', most of you were there.I and others said it was being underplayed as partner data suggests otherwise.Quel surprise, they now talk 50 k bpd plants and very high ppm's in some area's. All predicted.So watch all of io2 to 6 and into double figures plants go beyond 500mt each on 30k bpd, with 50k plants going over 700mt.

[orslega] 19/6/2013 08:19

added - 216p

like Ansana, I too like the "standardised plant construction" comment; this will save so much time and money on the bigger roll out picture.

[hitsha3] 19/6/2013 08:13

I agree with Nev.

[square1] 19/6/2013 08:13

'Hyper Brines'- my new favourite phrase!!!

[nevmyers] 19/6/2013 08:12

Anyone know what caused the slippage on the share from last nights close to this morning, was surprised to see it open so low

[molatovkid] 19/6/2013 08:12

You would be a bit sick if you has some tight stops in place this morning. A quick run down, trigger all the stops and run it up again. Dastardly tricks.

[bobsworth] 19/6/2013 08:07

SCRUTABLE 19 Jun'13 - 07:46 - 2358 of 2369 0 0


"slow,steady, reliable, and a bit of patience until the roll out of IO3 and 4 by November."

More like July and September respectively!

[nevmyers] 19/6/2013 08:06

Festario


What you read on these boards should not make any difference to how you invest there are many who post negative stuff and scaremonger just for the hell of it, they would find fault in the Holy Grail and the Golden Egg. I have been Investing now for over ten years and I have made some good profits and like everyone had a few losses but I do not buy or sell a holding based on what I see on here, there is some really good info on these boards which you can then follow up with some research of your own, If you like the company, BUY if you don't, SELL. If someone post some solid information (like SG) you can go and check this out yourself he is giving you his findings of research not a share tip, If you see posters using words like tank and bloodbath it means nothing at all those aren't facts they are just talking out there ar*e, this is why it's on the opposite side of your body from your nose. All shares will come down at some point no matter how good they may be, people may be selling for many reasons, not all bad reasons, think of it like a car just because someone bought and sold it before you don't mean you can't still buy it and have some pleasure from it before you sell it.

[engelo] 19/6/2013 08:02

naphar: you're right about the statement at the PI pres. However the fact that they haven't said 'on schedule' or reiterated 'I03 expected to be commissioned end July' implies that they now need the Q3 umbrella. On reflection think we've lost a month and co being cautious, too. Not of great importance in the grand scheme of things: as Scrutable has just pointed out :-)

[superg1] 19/6/2013 08:01

Scruts 5 and 6 are for November/ q4.Io3 and 4 q3 and build started for io3 with io 4 close behind. That's the key news we were waiting for.So the exit rate of 1500 mt plus looks nailed on and yes that means lot's of cash in 2014.Io2 your memories are short guys. Chris Fay interview, we have an iodine surplus. They have plenty for their needs, at 15 to 20 per kg, not the 60 to 70 they were paying.I heard rumours about high ppm's which means high production plants. I thought the caution on bod was wrong as chess and Mid-states talk otherwise. That has just proved to be true.Hence 450 plus per plant is now IMO an understatement.Io2 to 6 up to speed will mean 2500mt plus IMO .50 k units look to be 700mt plus no problem. We'll see which io will kick those off, but the continued roll out in 2014 would seem to be the obvious choice.We have said all along the Miss play is a big boom play with suspected high ppm's.Those new wells are the Miss play it's in partner news for 100's of wells going in this year. 400 for sandridge alone. 50k bpd is just 10 wells.Hyper single wells on pods could be 250/300mt or more if you do the maths. Hyper could mean 1500 or 2000 plus. We have evidence of such wells. So so pods maybe doing what some notes have as the maximum for 30k plants.Pods I recall are to be 200k dollars each

[the librarian] 19/6/2013 08:01

Looks like there will be some interrogation at the agm :). Looking forward to the feedback.

[ansana] 19/6/2013 07:59

its a shame IO2 isn't at full tilt yet.

However
"In Oklahoma site construction on IOsorb™ IO#3 has commenced and will be completed in Q3 2013, with IOsorb™ IO#4 scheduled for completion circa 30 days after IOsorb™ IO#3. Lessons learnt from IOsorb™ plants IO#1 and IO#2 have been incorporated into the design, providing the Group with a standardised plant process and construction. Operators for the new plants have been largely recruited and are currently being trained on the existing facilities.

Bids for IOsorb™ plants IO#5 and IO#6 fabrication are being reviewed, with completion scheduled for Q4 2013."

I liked the standardised plant construction comment and its good to know IO3 is being constructed, 4 to follow soon after and 5 and 6 still on course for Q4. Minis, staff it's all in there and IOF are still on course.

Strip out the weather stuff and there is always going to be problems in OK and it's saying everything is fine at our end in spite of Tornadoes and rain and the technology continues to perform and prove itself.

I have always thought that once the AGM was out of the way IOF would start to motor in terms of PR and Roll out and as Dig said we are two weeks away from H2. I also wonder if sometimes we are a little disappointed by company news releases because the digging is so exceptional by a few that the news releases confirm what we know rather than surprise us.

This release also tells us that although Lance is no longer the CEO the roll out is 100% on course. Lots of info to come out at the AGM, I look forward to the feedback.

[mr paul b] 19/6/2013 07:57

Did iof say they will be holding presentations again after the agm .. Good luck with tha agm today guys , attended the pi Meeting in London and due to work commitments can't make today.... Look foward to some good reading later

[che7win] 19/6/2013 07:54

Naphar,
I would say they missed the window for North Dakota now because they delayed last autumn.

[molatovkid] 19/6/2013 07:53

Keep going like this superg and they will offer you a place on the board!

[che7win] 19/6/2013 07:53

I have misread the statement slightly, the io2 production is only tempered in H2 this year, the statement says after that they will have increased production and additional brine volumes so that should make a storming H2:


Production in Q2 2013 is expected to average 700 kilograms per day, with increased production expected from both full flow and additional brine volumes post the drilling campaign.

[naphar] 19/6/2013 07:49

"The feasibility of a water permit in North Dakota,..., is being revisited"

Another question for AGM, could mean anything, but put in context o a more competitive water market, not sure it sounds too great. I thought ND was meant to be the growing area that they needed to get into? And that Montana was more "mature"?

[noli] 19/6/2013 07:47

Anyone going to AGM today, what has made iof review the ND permit application, what has changed? I thought all water was going to Hal, have Hal lost customers in that area?

The feasibility of a water permit in North Dakota, where the water market is more competitive, is being revisited.

[superg1] 19/6/2013 07:46

interesting stuff.Great news re io3 and 4, q3 up and running which is brill.Not bothered by io1 and 2 as the new brine for io2 looks like it will be lucrative. That confirms the suspicion that they were waiting for high ppm brines as the additional brine.Go back to Chris Fay's interview and they said they are running with 'surplus' iodine. So they clearly already have plenty for the Chem Div.Rewind to the last presentation and the mention of, if they get to 30 k bpd per unit.A few here have more or less said 'watch this space' as partner presentations such as mid-states suggest 60 k bpd are going to sites.Out of the blue IOF are talking 50k units, so there you go, the research stacks up against what was said.I have long said the Miss Play was looking like a high ppm area with high bpd. We know from old details they have individual weeks of good ppm's. Rumours suggested recently they have found better ppm's. Now we hear HYPER ppm on low bpd. A single well can do 5k bpd or more. HYPER is very interesting indeed.. I had heard of 1000ppm way back. A pod on that is a 200 to 300mt unit on it's own. IOF have never mentioned Hyper before but have been happy to quote 2000ppm. We'll dig re that later.Core business is looking very good. Tornado season over so don't worry about that.While they mention hyper wells for single pods, that doesn't mean the odd hyper well won't be included in a 30k or 50 k plant. In fact rumour control already suggested averages of 400 ppm plus maybe for io3 on. A 50k plant on 300ppm would do 700 mt plus, on 400ppm over 900mt. Ppm's could be higher. The 'could plants go to 30k bpd' just went out of the window.More later but I expect to learn of some very good ppm's overall with high bpd for plants.So io3 to 6 on 30k bpd at least 500mt plants IMO. Water review re ND not worried there, the original plan last Sept was 200 k bpd @ 30 cents to 50 cents PB. We have that in Montana. With 3 forks action in Eastern Montana best to be first movers there, and upgrade. We'll see what they say on the subject

[scrutable] 19/6/2013 07:46

slow,steady, reliable, and a bit of patience until the roll out of IO3 and 4 by November. Thereafter an explosion in cash flow forecasts, and in the New Year, updates on the sudden increase in real cash flow. From then on a quick doubling of the share price as the projects ahead become visible and credible, and probably play catch up with the roll out. The first announcement re the production start up of the portables on high content low volume brine streams will be very bullish.
Let's hope we can extract something reasonably certain on this score at the meeting today.

My bet is that we now have enough to encourage new institutions to buy in and moo up the small volume of sales. A tight market will follow supported by netley's astonishing news of pink sheet sales in the US suddenly expanding. Somebody has initiated viral expansion in a huge market for shares in the USA. There is not enough supply to satisfy this new demand AND any new institutions wanting in.