Iofina Share Discussion Threads

[neddo] 01/8/2013 09:41

a good rns, a lot of pi's will be sorry they took the opposite view and didn't read it properly before they panicked and sold.

[1madmarky] 01/8/2013 09:40

I'm assuming Hydrosorb is a process to increase the iodine concentration in the brine going to the IO plant. This would reduce the number of plants required to get to a given production level. Sounds sensible to me.

[malachey] 01/8/2013 09:29

And back up we go...

[weildy2] 01/8/2013 09:27

I believe todays RNS was fairly predictable. What I find extraordinary is the attitude of some of my fellow investors. Most of us invested in this company because we believe it has a bright future. Personally I have no reason to revise my opinion on this. The very nature of the business means that disappointment and delays en-route are inevitable. It is the end result that matters and delays counted in weeks or even a few months should not spook investors into despair. The future is bright, I'll buy more on these lows.

[indiagolf12] 01/8/2013 09:25

As a long time lurker and holder since following SG here from FUM, personally I take a good deal of comfort from today's RNS. Yes, the share price got ahead of itself due to unrealistic expectations, but the tech works robustly and roll out all in hand, if a little delayed. Water on its way.SARL invested for £2.05 and CF topped up at £1.50. For me the risk reward profile looks amazing and filled the rest of my SIPP today at £1.37.
GLA

[jointer13] 01/8/2013 09:16

IO#4, IO#5 and IO#6 are scheduled to complete in the fourth quarter of 2013.

all going as has been said.

[the librarian] 01/8/2013 09:14

I'm very interested in the mobiles (as always), and would be happy if they stopped at half a dozen plants in any particular location and got these employed for the flexibility and tonnage that can be produced.

'Through this on-going exploration, the Board is pleased to announce the discovery of multiple sites with extremely high iodine concentrations. The Company is developing a unique Hydrosorb processing unit to match the characteristics of these sites. This plant will be able to produce significant volumes of iodine without the expense of processing large water volumes. The Company is also in the process of developing its Mobile and MaxSorb units to meet the needs of additional production profiles. '

Never heard of Hydrosorb and MaxSorb before?

[nellyb] 01/8/2013 09:13

hey shonny, what shares are you currently in?

[roundup] 01/8/2013 09:11

All in all not a bad update, after all we have to expect some setbacks along the way.
I thought this very reassuring:-
In July the Company processed at more consistent flow rates than in the previous quarter. This has resulted in a higher daily average of iodine produced. The Board fully expects the production volumes to increase to the previously reported production estimates of 800-900 kilograms per day. The Board anticipates this to occur during the third quarter as the Company improves runtime and efficiencies along with the tie-in of additional wells by the operator. An update on FY guidance will be provided in the interim results.

Construction of WET(R) IOsorb(TM) IO#3 is ongoing, with completion expected at the end of September. Locations for WET(R) IOsorb(TM) IO#4, IO#5 and IO#6 have been selected and procurement of plant equipment is largely complete and site leasing is in progress. The Company has seen increased demand in manufacturing for the energy sector in the US as deliveries for the Company's fibreglass equipment, especially towers, are at least four weeks longer than previously envisaged. An additional set of titanium towers have also been ordered and are currently being fabricated. IO#4, IO#5 and IO#6 are scheduled to complete in the fourth quarter of 2013.

[malachey] 01/8/2013 09:05

Ansana: I think the share price opening at 137p had a lot more to do with unnerving investors than me providing an honest heads up to fellow investors without level 2.

[superg1] 01/8/2013 09:03

The sharp down move was probably margins for some, and we know who usually gets caught there, and obviously some sellers.

We are fortunate enough to understand IOF. Very few maybe understood the oil bit.

They had 10 days of oil earlier in the year and it didn't stop the plant, they do however stop for a day to clean out the oil. At the AGM it was said it would take 1 day.

IOF own the oil legally, at some point in the future I presume they will return it with reduced royalty/ fixed payments costs or just sell it.

For now they probably return it to the operator.

As weointed out a while back, IOF are an extra warning system to oil companies that they are dumping cash in injection wells.

[shonny] 01/8/2013 09:00

Well there you go rampers. Was I right or was I wrong with my prediction of bad news and a 140p target this week. Take off those rose tinted specs and stop spouting rubbish. This is only going one way now and it's not north. There'll be a lot of mug punters regretting taking heed of the ramping bunch of clowns who never stop over egging this share. It's not even jam tomorrow now it's maybe jam next year or the year after depending on how many more targets they manage to miss.

[jointer13] 01/8/2013 09:00

iIodine extraction specialist Iofina (LON:IOF) more than doubled output in its latest three months despite one of its plants running below capacity

ts not a bad update,loads of positives.

anyone else think the waters nailed on.

[n3tleylucas] 01/8/2013 08:59

nash,

... now if you'd have asked 'did anyone know in advance what today's RNS contained?'

My guess is yes ... but you'd need to address the question to those closer to the company than me.

[che7win] 01/8/2013 08:58

The trend in output remains upwards and will continue to do so, that's why building plants in a timely matter is so important as a blip in one plant wont matter so much.

[engelo] 01/8/2013 08:56

ansana: re I03 RNS says 'construction completed end Sept'. Hope they've got this wrong ie includes commissioning and your version is not so far out. IR have just been too optimistic imo.

[joeblogg2] 01/8/2013 08:56

A few predators will be looking even more closely ???

[nellyb] 01/8/2013 08:55

blue by the end of the day. ;)

[joeblogg2] 01/8/2013 08:52

The bit by Phillip Whiterow is more balanced!!! Onwards and upwards over time!!

[nashwan123] 01/8/2013 08:49

Greenroom.

Point taken.

[greenroom78] 01/8/2013 08:48

Thanks Writz.

Uppompeii - I agree entirely. Let the company look after operations and stop asking them to look after PIs. They should update when they have things ready to tell the market and not when a few PIs need/want them to.

Hopefully this will be a summer blip come the new year.

Enough from me, back to silent holding until next time the company have something to tell us.

GLA

[fairenough11] 01/8/2013 08:48

"Iofina output climbs as plant roll-out gathers speed

By Philip Whiterow August 01 2013, 7:59am Average production is forecast to reach the previous estimate of 800-900 kilograms per day in the current quarter.Average production is forecast to reach the previous estimate of 800-900 kilograms per day in the current quarter.
Iodine extraction specialist Iofina (LON:IOF) more than doubled output in its latest three months despite one of its plants running below capacity.
Iofina has two plants in the US extracting iodine from the waste brine produced from onshore oil and gas wells.
Production totalled 45 tonnes of iodine paste in the quarter to June, compared to 17.5 tonnes in the previous three months, as the time plants runtime rose to 80% from 40%."....

[skasher094] 01/8/2013 08:47

my bet this will have recovered by end of day

[everybodywangchungtonight] 01/8/2013 08:47

EverybodyWangChungTonight   25 Jul'13 - 13:44 - 5642 of 6051

If the oilies are on a new well drilling program and for safety reasons the brine stream from existing wells is locked down until all wells have been drilled.

IO#2 brines still not hooked up is more than likely to be the real picture.

Which is probably why there hasn't been any news yet.

I would suggest that until there is News to the contrary then it's safer to assume the status quo.This being the case will inevitably have an impact on the overall production figures for IO#2

EWCT






EverybodyWangChungTonight   31 Jul'13 - 12:42 - 5951 of 6057

Keeping expectations in check :Worst case scenario for managements current statement to remain on target:

IO#3 to be commissioned by 30 September and IO#4 to be commissioned by 31 October.

EWCT

All confirmed in today's RNS

More delays to come I fear.

EWCT