Iofina Share Discussion Threads

[the librarian] 21/6/2013 07:34

Impressive the way that you have worked through it all Bogg1e, cap doffed.

[dcgray21] 21/6/2013 07:32

Boggle - agreed . Became aware of IOF after your posting on QFI board . Thanks . Beers on me when this really takes off .

[hurricane.] 21/6/2013 07:28

Bottom line is IO3 is going to be a monster.
Pack up your old kit bag and buy.
IMO dyor

[engelo] 21/6/2013 01:23

johncsimpson: your IGAS buy doing OK atm :-) Just come across this site which could have its uses:

hxxp://www.stocktargetprices.com/companies/?q=igas

Not a great help with IOF though :-(

[bogg1e] 20/6/2013 23:50

sg1, im getting down to more nitty gritty calculations on the range of possible and reasonable revenue/profit numbers and youre right. The numbers range from excellent to staggering. One of the best growth prospects ive ever seen. I got stopped out on asos when the share price collapsed after the fire took out there warehouse in the first year of trading. Iof will more than make up for it.

[festario] 20/6/2013 23:22

Librarian, correct Sir.
GKP had been my 2nd largest holding for the past 2 years, until IOF overtook it as I kept accumulating here.
Now today, I see the utter chaos in the GKP boardroom and decided to dump yet more and bring it across to a company which is actually doing something and creating something, and not being profligate with OUR resources.

[wayneduncan] 20/6/2013 23:19

Lib - interesting point you make - did anyone else notice that Dr CF said at the AGM "it was only months ago we were looking to save a few pound here, a few pound there"

[the librarian] 20/6/2013 23:16

Slightly o/t but I have been looking around at other shares this evening i.e. Todd Kozel (GKP) picking up about $8.5 mill in bonuses etc; (shareholders not happy for some reason!). Also at the spends that others undertake before or maybe never making a profit.

FUM are frugal with their money, but IOF even more so. It's refreshing to look around and then realise here that there is no debt (just a bond to draw down upon if they need to), and they don't need to buy in Iodine.

Would have liked a bit more info on IOC, but if they say (or Investec) that it is in line with expectations that will do for now.

[rugrat2] 20/6/2013 22:42

Sg - I guess that you are talking about CP? If so I would need some persuading that there is a link with IOF. I would be cautious about oil companies not recognising their lease holdings on their websites - I have researched lease holdings in parts of Colorado for several years and time and again have found that large holdings (some in the '000,000s of acres) are not publicised to their shareholders.

[nearlyman] 20/6/2013 22:28

Superg1
No wonder Jose Mourinho wants to be called the Happy One. He must know we have the 'Special One' on this board. Absolutely fantastic! I am in awe of you guys here.

[n3tleylucas] 20/6/2013 22:26

Whatever potential oil & gas prospects Iofina may have rights to, just how the heck can you avoid giving most of it away for a free ride? You are currently raising money via junk bonds! Remember? Same with water, no money to develop. For god's sake why didn't you do a proper placing when the stock was 240p? You could have raised some real money! You could have got £50m for just 25m extra shares @ 200p. Poor poor management, no real ambition.

[ansana] 20/6/2013 22:04

Leases good to know but as IOF are entirely focused on getting 3,4,5,5 rolled out by year end I doubt anything will come of this. Famous last words I hope!

Did anyone ask or was anything said about Helium?

[festario] 20/6/2013 21:52

That sounds quite exciting SuperG.

To be honest, I have not wasted any time researching the oil plays aspect.
Every stone I turn over on Iodine, you have already been there and moved on, plus I am working 7 days a week right now.

Perhaps you could clarify a little more about the oil potential, (guesswork?) so that in future it might mean I won't HAVE to work 7 days a week.... or indeed any days!

[superg1] 20/6/2013 21:31

Fest

Had my bingo moment. I'm fairly certain based on cross-referencing various points.

Leasing is a tangled web of deceit, but when you block renew leases they all carry the same date.

Surprise, surprise, the leases renewal dates around True oil match the same day as IOF leases elsewhere, Those dates and lease names exactly match leases which we know are IOF's as they are around wells listed as belonging to Iofina.

So basically there are a number of leases around the true oil wells, and I mean ADJACENT, registered in an energy company's name.

I have checked the energy company's website. They have a map of where they have interest and they have nothing in Montana.

Thus the leases they have imo, are in their name but held by IOF, as the renewal date matches, the date other leases to the East definitely IOF's.

It's just a missing piece of the jigsaw that I hadn't chased. However as soon as they said conventional oil I thought it was time to fire up again.

So 'Adjacent' is bang on around that pocket of wells.

However the one well is in some ways shrouded in secrecy, and it was on report for a big fine if they don't file their findings.

So now it's a case of trying to find out exactly what true Oil are trying to hide. Indications are that true oil are Top-leasing the leases around.

That's basically a way of getting first refusal, should the current lease owner let it lapse.

As for finding out, that's where this BB just doesn't appreciate how far the tentacles go from this thread.

In fact IOF wonder where the hell, we get some stuff we send them.

I don't wnat to get too excited just yet as I don't know what True oil have got.

IOF are not hiding anything, all they know is it's conventional oil, and I've just realised how adjacent they are to it.

Last week I had then 11 miles away, now lease section wise it looks to be about 11 metres.

[n3tleylucas] 20/6/2013 20:56

I value this on 10 times clean earnings 2014.

I expect £10m clean earnings at the very most for 2014.

Making this a £100m stock at best, 78p.

[n3tleylucas] 20/6/2013 20:50

I expect every plant to be delayed, and every plant to experience ongoing production outages. All your sums are wrong. You expect 14 plants by end 2014? You'll do well to have 7. You expect high output? I expect half of the most conservative estimate.

If you have clean earnings of £5m 2013, and £10m 2014 you'll be doing FANTASTICALLY well. Your current estimates are pure fantasy.

This is a 75p share at best. You will see.

NL.

[bobbyshilling] 20/6/2013 20:40

I think when the market realises that 300/400mt is achievable (at least) from these units, and maybe one or two mobile units to cherry pick the best ppm's then probably the market will cotton on and we will get newspaper coverage and broker notes, which many will have to read two or three times after falling out of their chairs. Those days are not too far away.

[noli] 20/6/2013 20:38

Napher very true, re rns's. I had worked out 225mt pa per plant on the earlier IO#2 rns, so for 6 plants 1350mt pa on those numbers given, if i remember correctly they were running just over 50% capasity.

In my own mind i have never thought all plants will run at full tilt, however noting the most recent rns and poss 50k bpd and noting all the drilling in the area i am of the opinion that iof can afford to put larger plants in place and wait for all the wells to come online to take them near capasity as the ML grows.

[naphar] 20/6/2013 20:19

Noli, I agree that was said, but they also made comments in announcements about timelines for IO2 being up to full speed )don't remember exactly what that said now), Io3 build beginning much earlier than now etc.

That leads to expectations and the slippage comments we have had recently.

All said I will be happy with 5 or 6 in place by end 2013, but feel the earlier the better, so as to get the benefit of full production from them ASAP.

If a plant can manage say 300mt, and we have 5 in place by year end, we are not, IMO, on a run rate of 1500mt for 2012, unless all plants are up to full capacity. Based on IO2, we will be lucky to have 2 running at full capacity by end 2013. But to be fair I should not extrapolate based on just IO2. The next ones could be much quicker.

That said I expect 2013 output of 1500mt to be eminently achievable I we have a couple of pods out there as well, especially given we should have ramp up production from further plant roll outs in 2014.

Ps- "from research" I expect more than 300mt to be achievable, those numbers were just by way of example.

[festario] 20/6/2013 20:11

SuperG, if you find what you are looking for, and I sincerely expect that you will, then you may be on the verge of another BINGO! moment.

Perhaps once again you will single-handedly be able to force an RNS out, at the very least it would re-ignite the upward chart momentum.

[escapetohome] 20/6/2013 20:10

Thank-you Titus - excellent explanation
Madchick :-)

[noli] 20/6/2013 20:01

Hi Scrutable,

I have not seen reported (but might have overlooked)Dr Fay's indication that the chemical factory will be pushing it to convert 800mT/pa and 1000mts will be the absolute limit.

==============================================

One area of expansion for for IOC is IO#2 where the crystallization building is, iof have said they intend to use chemists to create products in the field. As we move forward with the rollout and more crystallization buildings are built we should increase sales via that route.

On a different note and plant delays/slippage, it was said a number of months ago that iof were not looking at each plant via a timescale, they were looking over a year, so imho a further 4 more plants this year is well within iof's timescale and their is no slippage/delays at this point in time.