Iofina Share Discussion Threads

[bobsworth] 24/9/2013 10:43

EWCT
Your statement made me smile! Thanks

[che7win] 24/9/2013 10:27

King,
if we got a statement like that we would end tomorrow above £2 IMHO.

The current price expects the rollout more or less on track.

The market can't ignore the forward growth for too long - all that we need to do is within our grasp.

On your "run rate to more than double for 2014" which is what they've stated (6 plants next year):

If we roll out:
12 plants by end of next year 2014;
250 MT each;
$30 margin per kg:
25% tax
1.6 exchange rate
130m shares in issue:

3000 MT and £42m profit.

EPS 32.5p.
P/E 20 = £6.50.

Ignore water, gas, helium and the low margin per kg.

If we get an 'on track' announcement tomorrow, it's game on.

[superg1] 24/9/2013 10:23

EWCT

Not forgetting of course that while all this additional proximity drilling is taking place the existing brine streams are isolated, hence the severe impact on IO2 production for H1.

How recently has this been remedied or does it still continue to be the case.?


New brine started in July, as for the rest watch for tomorrows update.

GMP gave a clue calling io2 on 80% of it's max recently, but they may be out of date too.

7 wells have appeared for Midstates in the last 2.5 weeks in Woods county.

If you read the recent Midstates update, you will see the rapid progress they are making and I note they are adding generators at locations as back up.

[sandbag] 24/9/2013 10:21

If the results are as good as we hope and the share price does't react we'll certainly be ripe for a bid from the competition.

[king_roster_iii] 24/9/2013 10:12

The shorts must believe that whatever the news they will be able to spin it negatively in the city.However a positive forward looking statement along the lines of, " With IO2 performing beyond our expectations, IO3 already receiving 30 bpd plus, IO4 due to complete build next week and 5 & 6 producing before year end, we will exit the year producing a run rate of more than 1500 mt and be the no. 1 iodine producer in the US. We expect this run rate to more than double for 2014."Negatively spin that.

[diggulden] 24/9/2013 10:08

Worraps, can understand and sense your concerns. I am taking a medium term view on the share price, as although tomorrows update is important, it is more important to me that IO6 is up and online by years end, the most important thing for me is the forward looking statement. The share price will do what the markets wants it to do short term, but there is no denying the position we will be in 3 months from now, and the share price will reflect that by the year end. All IMO of course.

[worraps] 24/9/2013 10:02

Alright, orslega.....let's see, not long now. I really hope we're 'rewarded' for our optimism tomorrow, or at least, by the time the following presentations are over. That's usually been the case in the past. Fingers crossed.

[orslega] 24/9/2013 09:44

worraps - like you I did read the RNS - yes a good read but as far as the market is concerned (and by inference share price) it really means very little without actual quantification.....ie daily production figures...that is what the market needs right now......from a low production base, "record daily" production might not mean a lot...without actual numbers...etc

Am looking forward to tomorrow.

[the librarian] 24/9/2013 09:37

I did look at one oil company recently EWCT regarding laying in pipes for the brine. They were able to lay 8000' of flexible steel pipe in 4 days to connect to their other large network of 'brine' pipes, so with most of them they have the network up and running.

[worraps] 24/9/2013 09:35

orslega - 8749

The RNS included these words:- " During his time with Iofina Resources Inc. Mr Lantz helped achieve a daily record iodine production. Mr Lantz was also responsible for financial controls, business development, and managed the build-out of the Group's IO#3, and the ongoing construction of IO#4, IO#5, and IO#6 extraction plants"

Now do you see my point? I would read the above as we are on track. The news is already 'out there'.

[n3tleylucas] 24/9/2013 09:18

"Doesn't matter what the share price is doing"

That's a keeper.

Hey ansana! Is this the only stock you 'hold'?

[orslega] 24/9/2013 09:15

yes SG, we had a clue....

1/8/13 RNS

"Iofina has updated and expanded its Iodine Extraction Agreement with one of the largest independent oil and gas producers in the US, most significantly, now covering four separate locations".

[everybodywangchungtonight] 24/9/2013 09:13

Not forgetting of course that while all this additional proximity drilling is taking place the existing brine streams are isolated, hence the severe impact on IO2 production for H1.

How recently has this been remedied or does it still continue to be the case.?

Not long to wait now.

EWCT

[superg1] 24/9/2013 08:58

Jam

As said it was only a percentage of investors that worried about the CEO timing. It was always going to happen, so personally I didn't see what the big deal was.

They could have got a top oil and G CEO at millions per year, but io2 will still have produced the same amount, as will the others.

I'm with CK, and always have been for the long term. I'm not looking for io3 news to exit, or water permit news, some may be.

Don't shoot the messenger, but on the permit side the jigsaw pieces to achieve application correct, could slot into place this week. The update tomorrow will no doubt comment on water progress, for those interested in that side of the business.

As for bpd, in the area, there is a site to see what Midstates and others have been up too. The key county for now is Woods county in OK.

Since H1 ended, 40 plus wells have been completed/producing for just Midstates and Chesapeake who are both with IOF. So it seems a fair assumption that some plants will be with Chesa.

Going on those high cut rates of brine v oil and the ratio's they mention, they should mean 150k to 200kbp of brine already appearing in the area for SWD's in just a few months.

Going back to the start of the year, 139 wells have appeared in Woods county alone, with the vast majority completed by Chesa and Midstates.

So when IOF said an oil boom is going on, with rigs all around io2 they were not joking. In theory, there should be plenty of brine

[orslega] 24/9/2013 08:53

worraps - the RNS last week advised us of the new CEO only - to my knowledge we have yet to receive an RNS that clearly tells the market that "all on track"......tomorrow I expect to see that...and corresponding share price lift..

[worraps] 24/9/2013 08:47

Sorry, ck....but it DOES MATTER what the shareprice is doing....it's why my precious money is in here. Of course, I'm sure you're correct in saying the execution of the business plan will see the shareprice take care of itself, but in theory, if IO2 and IO3 are up to speed, just that alone should be seeing a rise I would have thought? Since it was the CEO news and the IO2 delay that made it drop in the first place?

The RNS last week confirmed that all was on track.....so why isn't the shareprice recovering?

We're not here for charity....we're here to see our hard earned money increase in value I would have thought. And please don't say "be patient", because anyone who has been in here during 2013 has been very patient indeed in my opinion.

[orslega] 24/9/2013 08:38

captain_kurt, - precisely.

[captain_kurt] 24/9/2013 08:35

Doesn't matter what the share price is doing. It's all about successful execution of Iofina's business plan. Once that is shown the share price will take care of itself...multiple times over imo

[shonny] 24/9/2013 08:32

Heading further south today in preparation for tomorrows drop when IOF fail to deliver the rampers dreams.

[joeywald] 24/9/2013 08:31

Jamonit

Totally agree. Those expecting a surge in the share price tomorrow may be disappointed, though I would be very happy to be proved wrong.

[worraps] 24/9/2013 08:30

Well, so much for the shareprice building leading up to the results! If the shorters are going to close, they're taking it to the wire. Are we long termers alone in believing the interims tomorrow will be full of good surprises.....or so we've been led to believe? In a way, last weeks CEO RNS told us about progress of IO2 through to IO6 already, so why isn't the market convinced?

[orslega] 24/9/2013 08:29

the interims are pretty much irrelevant (but expecting figures to be nicely up in comparison to previous corresponding period)...right now the market wants to hear that the roll out is on time and importantly, the likely production figures for full year...which in turn will provide the basis for estimating the exit production rate at 31/12/2013, just 3 months away....