Iofina Share Discussion Threads

[garfield31] 01/8/2013 20:07

Will IOF get an extra payment if they clear up when the oil producer's skimming kit fails? Seems to be extra benefit for oil producer.

[monts12] 01/8/2013 20:04

Patent -Does this mean Ennismore were wrong about this and will now close their short position on IOF? They were sitting on 1% iirc

Ps thanks for posting jpsmithson

[jpsmithson] 01/8/2013 19:56

Thanks, thats if its the one we need of course.
Heres an easier to read version.

hxxp://www.freepatentsonline.com/8496815.html

[escapetohome] 01/8/2013 19:55

Wow wee jose
Patent RNS tomorrow - yes please

[fairenough11] 01/8/2013 19:51

jps,

well done.

Plasbryn,

you better get your short closed early doors:-))))

[n3tleylucas] 01/8/2013 19:49

"On a general note re today's RNS: talk about highlighting the (minor) negatives!! Now, why would they be doing that!!"

Dunno mate? Maybe they're correcting all the deeply misleading emails sent out this week?

[bogg1e] 01/8/2013 19:47

jps, well done chap.

[jackster193] 01/8/2013 19:46

Congratulations jpsmithson :)

[ramu kumar] 01/8/2013 19:46

jpsmithson, excellent find.

[rhwillcol] 01/8/2013 19:39

jpsmithson: congratulations from me as well! Surely you have found it??!!

PS On a general note re today's RNS: talk about highlighting the (minor) negatives!! Now, why would they be doing that!!

[diggulden] 01/8/2013 19:30

JPsmithson, that could be a great find, Gad, I seem to recall you were pretty handy with patents?

[superg1] 01/8/2013 19:29

Hydro sorb

Well by chance I too was thinking like Noli.

The presentation talked of concentrated brine. That can be achieved when water recycling kit is used. I.E concentrated brine one way, and water for fracking the other.

My best guess would be a link up with someone like Veolia (opusII)

So my guess is Hydrosorb relates to something like that. I'll dig on that one.

Finally for now.

I have queried the recent rumours from various sources re io2 already receiving new brine and improving.

It's a fair question under the circs.

Well the answer hasn't changed with an um or Er. Io2 is still said to be receiving better brine for July with good production.

Why that isn't in the , is a mystery to some at IOF let alone on here.

[superg1] 01/8/2013 19:22

Maca

You do some great research, but have the wrong end of the stick re the oil comment.

Months back io2 was running, but over a period of days they had minor changes, then worked out for 10 days a lot of oil had been coming in, as the operators skimming kit had failed. Without IOF they would have pumped oil down an injection well for months, maybe years.

Io2 barely got indigestion, which was a surprise to the team as they shipping 20k's worth of oil back to the operator. Then they cleaned io2 and carried on.

Clearly the operators skimming kit had a failure again, and once again IOF have saved them a lot of cash.

The oil coming through doesn't stop production, but is undesirable for both parties.

That was the first point I jumped on today. A pointless reference to something that really is very minor.

Anything IOF extract is theirs, so they could have kept oil in the past and currently. In the early stages it seems they prefer good customer relations and return it to the oil company.

Oil does not seriously affect the operation of plants. Continued running of high oil over say a week or two , would need a one day clean down(AGM comment).

[plasybryn] 01/8/2013 19:12

Which ever way you look at it, "support" has been broken and this looks to me to be going a lot lower.

TA experts can probably give a clearer indication where the next level of "support" comes in.

[superg1] 01/8/2013 19:11

Been out all day off air, family thing.

A few points read.

Boggle

The exit rate, annualised rate or whatever anyone else wants to call it, is simply a daily production rate achieved x 365.

So from their recent presentation they said they expect to exit 2013 at a rate that over one year, would amount to more than the top US producer.

That is iochem who produce about 1200. IOF could mean Toyota who are with iochem and Deepwater chemicals taking it nearer to 1500mt.

That would mean an exit rate of 3.5 mt per day to be over a 1200 mt rate.

So if they get io3, and 4 running they won't be far off that, or maybe past it if those sites are on higher bpd quickly.

Io3 was said to be already over 20k bpd going down the SWD at that site.

Then IOF have said they have pods going in this year.

If they get to io6 and have it running, you just need io2 to 5 doing .7mt per day. That is something io2 has achieved in recent times on old brine of lower ppm than they will get withe the new wells.

So while 1200 to 1500 mt sounds a big figure, the actual maths and previous data show they an do it with the current intended roll out on about half speed.

I have been long going on about high ppm in the area. Well in one line they have finally said it, but have not included the ppm details.

Io3 is said to be high ppm, and on the mentioned bpd currently going to the site would mean over 450mt.

But they say they have multiple sites of that nature, just as we said.

If they had said io2 at 30k bpd today blah blah blah. Yes that would have been nice, but I'm not invested for the next interims or the year end.

They have a business model that is highly lucrative, challenges appear as in every growing, and well established company.

I'm not here to exit on any good or bad rns, but to build an investment in what I continue to see as one of the best investments out there.

[n3tleylucas] 01/8/2013 19:09

Wonder why they never seem to tell us all how much iodine has actually been sold in all these 'helpful' updates?

They seem to regard IC as a sideshow, when it's actually the way you make money.

Most odd updates, bordering on misleading.

This is interesting however, depending how you interpret it.

"An update on FY guidance will be provided in the interim results"

If that's what I think it is, a profit warning is on the cards ... related to Investec's 2013 est's, which despite being slashed once (from £8m to £5m), looks likely to be missed.

[n3tleylucas] 01/8/2013 18:34

"I don't see why there should be any changes to analysts projections for the 24p of earnings next year."

If they make £10m next year they'll be doing well, 8p of earnings.

[monty panesar] 01/8/2013 18:16

Bit surprised by the share reaction today as things are firmly on track for big profits in 2014. As a lth from below 40p I am totally relaxed that things are going in the right direction. I like the way the co say it as it is.I have maybe been accused of being slightly negative recently but there are bound to be a few teething problems. Luckily the problems here are short term hiccups and not at all serious.

I don't see why there should be any changes to analysts projections for the 24p of earnings next year. In fact I think they might well be upgraded in q4. P/E of 5 for next year for a growth stock that should have double the profits the year after is starting to look a bit silly on valuation grounds.

[fairenough11] 01/8/2013 17:27

Looks like a few are still short overnight sub 140----Taking a large risk imo.

"Iofina output up

Source: SMW
Iodine specialist Iofina produced 45 tonnes of iodine paste in the second quarter compared with 17.5 tonnes in the previous three months.

The group said this was largely due to an increase in overall plant runtime from approximately 40% to 80%.

The company also recorded a daily high of over 1000kgs in the second quarter compared with a high of 695kgs in the first quarter."

[florence10] 01/8/2013 17:19

Dodger 108 filtered.

[timbo237] 01/8/2013 17:15

As far as I know IG have been closed for new open positions for some time - certainly online - only closing allowed

[urbanyeti] 01/8/2013 17:05

Napoleon, stopped as in temporary or unlikely to trade them again?

[napoleon 14th] 01/8/2013 16:54

ROJER - here's where the plot is described....



This setting-up phase will soon be over.
Then.................

Personally I'm out of patience with shorters & rampers alike.
IG stopped trading these earlier today - makes sense, as IOF's liquidity was never decided for the sakes of the false market/casino artists & the tight situation produces ridiculously extreme share price movements.

[rojer108] 01/8/2013 16:47

With all the problems with this company. The share price should be at the 100p level