Iofina Share Discussion Threads

[superg1] 08/8/2013 09:31

Mal

Maybe have been a forced seller, but yes rumblings are that it's done or almost done.

On the water comment re by law they have to issue rights.

That comes from May 13 when locals were worried about a depot extracting from a well/aquifer, affecting the same water that residents use.

Bob Shaver said that for an application, they go through a checklist, and if the criteria is met, then by law, they have to issue the permit.

The main part is an identified beneficial use, and we know that is well covered. In fact Montana and ND, have temporary emergency measures allowing certain rights to be used for fracking, against their own legislation. That is to embrace the growth, and to help combat illegal extraction going on.

IOF are after water form the Missouri, not wells. Missouri water is not fully appropriated and is expected to remain that way for a few years yet. The laws are much the same across the US, state procedures can differ.

So that's why IOF say they are 99% certain of getting rights.

If rights are fully appropriate in the relevant areas, in the next few years, that may be an interesting time for IOF, if they still control the water division.

Atlantis, the unique discharge permit and rights swap, will surely become a very valuable asset. So rights fully appropriated in a few years, is a good thing for IOF.

[pinkalltheway] 08/8/2013 09:29

Bounce is on boys 160+ here we come

[orslega] 08/8/2013 09:22

re HL - have voicemail to call them...every little extra helps, lol

[nashwan123] 08/8/2013 09:21

Chart looks like about near bottom with RSI now in oversold territory. Bounce back due in a few days.

[malachey] 08/8/2013 09:17

some big trades clunking through in the last 1/2 hr. We'll be quick to see the back of the large seller at this rate

[pcjoe] 08/8/2013 08:55

Me to Pleco - honest mistake by one individual on very busy day - soon & honestly rectified

[superg1] 08/8/2013 08:37

I'd like to know what the water division side research turned up.

Yes it takes time to go through the process to secure rights, but as Bob shaver says, If an application identifies a beneficial use (industrial use for fracking is a beneficial use), and rights are not fully appropriated, then by law they have to issue the permit.

IOF have the Hal contract who want 100k bpd in Montana and 100k bpd in ND. Although somewhere along the line, that has turned into a future plan for 200k bpd in each.

Edit ....other recent comments of intent to purchase water in the recent rns.

Other rights for various uses in the area's over the weeks and months have been granted. In fact IOF said any legitimate water rights applications where water is still available, to their knowledge have never been refused.

10k acre feet at one depot, changed to 3 depots. The first at 3,800 acre feet or 80k bpd of water.

First C have the barrel cost at $1 pb but, the range in the area, is $1 to $ for cold for well placed depots. Other small players miles from where the water is needed, can go to 60c, if they didn't they wouldn't get sales, as the haulage costs defeat any gain on lower prices.

Without going on there is a very simple reason why the 10k application was split into 3. I just haven't bothered posting it.

Also 3 depots gives better geographical options on pricing.

The hot frack water sector is growing. Hot water needs less chemicals and better results are achieved. Hot water sells for $5 to $6 from depots (last check).

So maybe IOF will do hot water, but the percentage spilt is unknown. So we have the first potential revenue of $1 pb of cold once that kicks in and future depots.

IOF said next year for that revenue.

[pleco] 08/8/2013 08:35

I have just had a call from Hargreaves Lansdown to say that they made a mistake on a number of Bed & ISAs & that I will be getting extra shares. I wondered why there was such a big drop in the number of shares that I received. My daughter's transaction also went wrong. HL are usually very reliable. They were very sorry & polite about this! Perhaps there are others here who are in the same situation?

[nellyb] 08/8/2013 07:58

I reckon a few on here could go on Mastermind - specialist subject......

[escapetohome] 08/8/2013 07:54

Maca - didnt you say in a previous post that it would be your last one?

[john10] 08/8/2013 07:43

Yes Maca: What are you invested in?

[n3tleylucas] 08/8/2013 07:24

Absolute nonsense! There has never, ever been a word its'! Durham GS conned you.

It's is it is, and its is possessive, forget the apostrophe, it was never there, even in Durham! LOL

Dunce's hat, wear it, it fits, it's comfortable for you ... I like its look.

[the librarian] 08/8/2013 05:26

Absolutely with maca, fundamental research errors with little or no substance, I got bored with reading that book a while back, the ending was too obvious.

My phone! ;0

[superg1] 07/8/2013 23:45

Good point PC.

Re an earlier post today, a simple question of.

'who else are IOF contracted with, if anyone'? That would have received a quick answer.

But no, the post harped on about the risks of only being with such a small partner as Midstates.

A very simple point of investigation, which is all over the place in rns's, and web pages..

So yes Macca what is your tip, what are you investing in?

[pcjoe] 07/8/2013 23:41

Snap SG - or thereabouts....

[superg1] 07/8/2013 23:36

Maca

The tech has moved on from that phase.

I thought you had decided not to invest, and were to move on. I see no point in continually posting to satisfy matters that are out of date and covered elsewhere many times.

As another point Terry Brix is nothing to do with IOF, iof picked up the patent for that section via the acquisition of the Arysta site, patents and all. The patent app brix started is nothing to do with iosorb.

Other patents drilling down into the nuts and bolts of the iosorb tech will follow.

I did suggest you attend the AGM which was open to all, and then you could have covered any questions there.

Wet pods as they were had pre filtration which didn't work. that part has been and gone. Iosorb is a different type of tech, that is working, producing, and moving into a growth stage.

Why not ask IOF about io1 that has been running the longest on iosorb tech. A lower bpd and ppm area, but it's been running for nearly a year and is a model to show the tech works and that down time has been very limited.

They have plants being built, plants on order, and have budgeted for next years builds. Mobile pods planned too, for the extremely high ppm single wells etc.

At the start iodine was $25 per kg. No real water opportunity and pre the Bakken boom.

They took 4 years to get the discharge permit, but obviously had the foresight to see the potential water need that is now apparent.

Best of luck in your investments, but clearly this one isn't for you. I seem to remember that same thing has been said a few times here.

[pcjoe] 07/8/2013 23:35

Hmmm Maca - for someone not invested in Iofina or interested in investing in Iofina you spend a hell of a lot of time digging about looking for subtle ways to dish the dirt & doubts -

Trawling through ancient RNS`s from 2010 - Are you havin a Larf?

You posted some apparently "detailed" info about the Miss Lime produced water situation earlier today - Even the erroneous info you posted took a fair bit of effort, time & some intelligence to produce - Why? - Whats in it for you? - Very subtle & clever looking stuff but very wrong according to industry professionals at the O&GJ

Your behaviour is bizarre to say the least - why spend so much time on this company & BB?

What companies are you actually invested in that you would recommend to fellow investors?

Have given you the benefit of the doubt up to this post Macca but I`m actually invested here and I`m beginning to get a bad vibe about you mate

[rugrat2] 07/8/2013 23:19

Sg, thanks for the PM. That ties in with some research that I did based on an old
IOF presentation map. As regards Northcote, I've had a look, but failed to reconcile their well list/maps with the OCC database and left it at that, being short of time. Always meant to contact the company for an explanation, but never got around to it.

[maca1212] 07/8/2013 22:49

SG,

Some companies' bark has the unfortunate habit of being worse than their bite.

Eight agreements? Interesting, but then if one reads the back RNS stream there are also some statements that now do not appear to make much sense, such as this one, made in an RNS heralding IOF's fourth brine agreement in August 2010:

"By the end of the third quarter Iofina will have deployed four WET® PODS. Estimated production from the first phase of deployment of the WET® POD Units in California, Oklahoma,Texas and Montana is between 116 to 135 MT of annualized raw iodine production. Additional production, currently under contract California, Oklahoma and Texas sites could add an additional 135 to 157 MT per annum."

Given that this was from 3 years ago (some time after Terry Brix had the foresight to apply for IOF's 'revolutionary' IoSorb patent apparently) perhaps someone could update me on how much of this 'contracted' annual production was actually delivered? After all in the volumes stated this would mean that IoSorb would already have produced some 750Mt of iodine - enough to make a real difference surely?

As to eight agreements I note that various broker notes have carried that text, but has the company ever RNSed or formally published such a statement?

M

[naphar] 07/8/2013 21:31

Bag, I think it was the AGM they mentioned they were indeed also looking for a CFO, or it might have been the PI pres, can't remember, but mentioned for sure

[baguette] 07/8/2013 21:25

Thanks Dig quite right.

Still wonder if there is any CFO in the wind