Iofina Share Discussion Threads

[naphar] 19/6/2013 10:01

Oops duplicate

[naphar] 19/6/2013 10:01

Forgive my comments being a bit broken up time wise his morning, travelling to AGM.

So some not so positive comments in statement. But some understated positives IMO.

Investigating 50k bpd plants, great! Maybe next sep will be to investigate the 100k plant. Or maybe just out in 2 50's at that site if they are successful.

IO3 construction has commenced.... Great news and glad it's started

"Bids for IOsorb(TM) plants IO#5 and IO#6 fabrication are being reviewed, with completion scheduled for Q4 2013.".... Great news. Makes me wonder if IO4 is still titanium? Another q for AGM but a bit unimportant.

" For the mobile units, the Group has identified new sites which have hyper iodine content but low brine volumes." No talk of delivering one this year but can live wih that if not. Hyper content, wow, some statement for IOF, wonder what level that means. Another question to ask.

[worraps] 19/6/2013 09:55

Festario.....yes, read and acknowledged, thank you for taking the time to explain. I'm hoping there will be some juicy little tit-bits from the AGM to provide some entertainment for the afternoon!

The trading update was just that, a summary of things as they stand at the moment. A little bit flat perhaps, but this is new technology being tried and tested, and of course they are still feeling their way to some extent. At the end of the day, to have come this far with such innovation, and with natural elements standing in the way from time to time, I still think congratulations are in order for Lance and the team.

I'll take a look at your chart suggestions, and will hope to see some positive signs!

[diggulden] 19/6/2013 09:50

That is something I would like clarification on also.

IO2 was commissioned in January, 6 months later it is still not running at 100%, granted this could be a one off, but is it? Could someone ask the question on what timescale from commissioning can we expect for 100% production for each plant? I appreciate each will be different, but a rough timescale to apply to full scale production would be useful.

Something else to consider, the RNS says daily output will be .70MT per day for Q2, bearing in mind the awful floods in April, April-May could have been a production of .40MT per day, whereas June could have been 1.3MT per day, giving the average of 0.7MT per day over the full quarter. My point being, the current run rate leaving Q2 could be up to 50% higher than 0.7MT a day, just food for thought.

[festario] 19/6/2013 09:48

Warmsun, Worraps... not sure if you read my post from very late last night.
If not, please take a look and acknowledge if you get chance.

With regard to the RNS, I was not expecting fireworks on the day of the AGM. That would have been bad form with a little showmanship thrown in. That's not the IOF way.
I saw nothing to worry me, and nothing to overwhelm me with excitement.
So, as I said last night, 218p is the bottom of the upward trend line, I expect it to carry on in that line.
When production updates are RNS'd, and when the CEO is appointed then we should see little spike-ups, then settling down into the natural upward trend.
Anyone wondering what the chart might look like by the year end, just take a look at OCADO, it will be just like that.

[writz] 19/6/2013 09:42

It looks to me as if the production risks lie mainly with the factors outside IOF's direct control - particularly the brine supply being affected by the weather (presumably recurring) and the operations of the oil companies. On that basis, are we perhaps raising our expectations a little too high when we envisage all the plants running at near maximum capacity (if so, what % is realistic)? Also, I wonder if the review of the mobile units in part reflects an attempt on IOF's part to increase their locational flexibility to accommodate regional variations in supply - though I'm not sure how that pans out in detail.

[randv] 19/6/2013 09:26

johncsimpson 19 Jun'13 - 08:34 - 2386 of 2387 2 0

L A T E S T news:

Bloodbath called off . . .



Post 68
---------------------------------------

He needs to get a life

[randolph and mortimer] 19/6/2013 09:18

One can not expect these things to start up and run seamlessly, simply because this is new company after all and not DOW Chemical.

[rugrat2] 19/6/2013 09:17

On holiday in west Wales with poor 3G, so just a quick comment. A fairly neutral RNS for me, and having a passing interest in charting, a slightly down day today seems to me to leave us with the potential for a useful inverse head and shoulders.

The comment re IO#2 brine flows being interrupted by new drills is going to be a recurring theme as the operating companies begin to use pad drilling on existing sites in earnest. With new drills only a few feet from existing wells the latter have to be shut-in for safety reasons whilst work is in progress. Just a short term issue as they develop existing pads. For pad drilling to work efficiently the theory is that the drill will stay on the pad and move itself along from well to well and the whole pad of 4-6 wells will come on stream more or less together over a month or three.

Off out now, have a good AGM.

[naphar] 19/6/2013 09:12

It's not about delays for me, it's about expectatikns.
I had expected Io2 to be at full tilt by now based on early RNS statements. The fact it's not just tells me that the O&G co's work to their own schedule to maximise their benefit with no care about an impact on IOF, the small loss of royalty revenue is minuscule compared to producing their oil. This delay does not worry me as long as we get there. But it does tell me to expect a slower ramp up on subsequent plants than I might have expected.

The Q3 statement for 3&4 does not worry me but I would like to hear verbally at AGM we are on track for end July and end Aug.

The comment of 5&6 being q4 pleases me as Jeff seemed a bit non committal at the PI pres on that, hopeful but not certain. It could change but pleased to see the co stating q4 in an RNS.

[randolph and mortimer] 19/6/2013 09:05

Everyone seems to be hanging on the Doctor's every word!

[ramu kumar] 19/6/2013 09:00

Not sure what all the fuss is about. Good RNS and only some very short delays. Absolutely nothing to worry and if I had more funds will top up!

[the librarian] 19/6/2013 08:57

Perhaps they originally wrote hyper hyper then, 'ohhhh no, that's too much, we will take one of those out right now' :-)

[superg1] 19/6/2013 08:55

Hyper because I know what the calculator says based on facts dug out lol

[the librarian] 19/6/2013 08:52

I don't know superg, Investec like to keep it low key so I was trying to work out what word they replaced with 'hyper' .... mega? You know they don't like being positive. All suggestions welcome :)

[superg1] 19/6/2013 08:48

I'm struggling to think of a word about Hyper to suggest they are underplaying it.Hyper in IOF language really must be something significant.I wonder how many Hyper locations they have. News sites with 100's of wells going in, so plenty more hypers to come it would seem, as the action has only just begun re wells.So if they get some higher, is it then even more hyperererer

[che7win] 19/6/2013 08:43

Warrops,
Lance seemed more upbeat to me than Dr Fay.

Today's statement needs carefully read; I would say management need to be careful on the rollout expectations and ensure they have a built in buffer for any delays, the market needs to feel comfortable that IOF will meet expectations.

In March they said:
"Delivery of IO#3 expected into the US by the end of March"

My expectation is 6 plants by year end as they have said that a few times now, any delays will not be taken well IMHO.

On the other hand, they mention mobile units, when do we build them into forecasts, next year?

[superg1] 19/6/2013 08:42

Bloodbath ?..Don't tell me Shoddy (oooops Shonny) has been posting again lol15m to 25m revenue PA IMO for each plant of io2 to 6 confirmed IMO.However with higher ppm's we may need to upgrade that.I suspect io7 to 12 will be on similar ppm's.Some at 50k bpd it seems.What's that production rate at full bpd 5000/6000mt.Chile......... oh dear and you were worried about acf adding 400mt lol

[wayneduncan] 19/6/2013 08:37

Naughty MM's this morning IMO.See you all in about an hour at the AGM.

[johncsimpson] 19/6/2013 08:34

L A T E S T news:

Bloodbath called off . . .



Post 68

[worraps] 19/6/2013 08:34

Hi, warmsun. Yes, in this case, I think our patience will be very well rewarded, unlike a certain other company, where our patience was very well UNrewarded! It's nice to feel secure for a change, and that we aren't going to be let down. I think the management here couldn't be more different. I can sleep at nights at last.

[warmsun] 19/6/2013 08:30

Happy to be patient...(unusual for me!) :)

[orslega] 19/6/2013 08:30

but isn't the share price blue, didn't take long : )