Iofina Share Discussion Threads

[captain_kurt] 25/9/2013 07:57

Can't see these prices lasting long on the back of this update and multiple presentations across the UK and Europe

[r007212] 25/9/2013 07:55

Fantastic update and equally good results from a company called Cassandra oil listed on the OMX, take a look I think you will like today's announcement, its a little gem.

Never usually do this but many informative posters on here have been very kind with there research and made me a lot of money on this in the past ;)

[bobsworth] 25/9/2013 07:54

"EXPECTED TO INCREASE OVER TIME"

IO#4, IO#5 and IO#6 are under construction and expected to be completed by year's end as previously announced. These sites range in brine volume from 17,000 bpd to 40,000 bpd currently but are expected to increase over time from field development.

It is estimated that the annualised production rate will be between c.700-c.1000 metric tonnes.

[malachey] 25/9/2013 07:53

looks from L2 like there may be a chance for the swift to top up this morning. No big mark up

[rickmay] 25/9/2013 07:53

" PLEASE TAKE NOTE" "STRONGEST FIRST HALF I GROUP HISTORY" Key points.FINANCIAL HIGHLIGHTS:

-- Strongest first half in Group history;
-- Second consecutive period of positive EBITDA;
-- Record H1 Revenue of $11,556,468 (H1 2012: $7,667,162), a 51% increase in revenues;
-- Like-for-like losses of $124,410, nearly breakeven per share (H1 2012: net loss of $969,935 or ($0.01/share);

-- Improved cash balance at 30 June 2013 of $16,189,567 (30 June 2012: $10,388,096);
-- Successful Convertible Bond Issue of $15,000,000 in May 2013; and
-- Strong outlook for H2 revenues and profits from Iofina Resources as production from existing plants and four new plants come on line.

[jointer13] 25/9/2013 07:53

lowest cost producer in the world....that should open a few eyeballs.

[nevmyers] 25/9/2013 07:52

Bag

I don't get why you not that happy with this, If the plants are all up and running I don't think capacity will be a major problem they might just crank them up few days later in simple terms, lets get them running first

GLA

anyway IOF always goes down when they release an RNS lol

[peterz] 25/9/2013 07:50

It read very well to me though I do take your point Baguette regarding making sure any hack could make sense of and see only positives. Anyway Bag good luck with the next BB.

Well lets see what the share price does.

Have fun at the meeting guys.

[superg1] 25/9/2013 07:48

Matrix, as in my post.

The maths shows they could easily predict double that on just 200ppm for io3 to 6.

The production capability has been posted many times. IOF have quoted what plants can do.

Io1 and 2 on low bpd were on .8 to .9 mt per day. Brine has more than doubled at io2 and I suspect it can handle more than 30k.

Go back through old and you will see predicted 200mt plus and 300mt plus claims for io1 and 2.

The actual for io2 alone is turning out to be 400mt/450mt plus. Which is what we have been saying all along. You can't argue with plain facts.

io1 and 2 in H1 hit 300mt potential on far less brine.

Can you imagine the Chile reaction iof they put 1500mt plus. Check out the SQM conference call and how they refused to talk about production rates due to keep facts from the competition.

[jonnyno1] 25/9/2013 07:47

ok bag, nice to have heard from you, not going to miss you, maybe i am the only one but your 6 months of contributions have been shall we say, how do you put it? underwhelming.

j.

[square1] 25/9/2013 07:45

Investec PT remains 230p if management hit targets goes up to 400p- sorry N3 :-)

[scrutable] 25/9/2013 07:43

A very profitable business. An increase in Revenue by $942,342 Y-on-Y contributed $846,870 to gross margin and therefore to reduction of loss by the same amount. Just another $143,727 in Revenue would have already put the company into profit.

The profit margin on each additional kilo o0f iodine is 85.34% .COLOSSAL for any business.

[grahamhacker] 25/9/2013 07:40

Superg - what do those numbers convert to in uk pounds income for 2014 (broad terms), just to give us an idea how transformational this is. Many thanks

[baguette] 25/9/2013 07:40

This is my last post on this thread and I leave it by saying to SG stop telling me what is or is not a great report. You are just posting loads of figures to contradict what the management are saying and leading everyone astray.

I have read their report and what they state and it no way reflects the stuff you have been saying regarding plant expectations.

[noli] 25/9/2013 07:39

No mention of deep rights or helium, great rns though.

[n3tleylucas] 25/9/2013 07:38

Poor results and poor outlook.

Expect Investec to downgrade today.

[baguette] 25/9/2013 07:36

che7win I just find it hard to believe that at this crucial time we are expected to assume that management are playing a "read between the lines" game of way understating true expected output.

I can only read the numbers as they present them and as you rightly observe that 3,4,5 & 6 are only indicated to produce about 100-150mt each and that is frankly a terrible blow.

[che7win] 25/9/2013 07:35

Superg,
Snap :-)

[orslega] 25/9/2013 07:35

significant agreement...last sentence : )

"Iofina recently entered into a multiple site contract with one of the largest oil and gas operators in the United States. This agreement is significant in that it includes multiple sites and provides for four sites. As the Operator adds and develops additional sites in the area, Iofina will have the option to add sites to the contract. This operator is anticipating rapid growth in its development programme for this area. Two of the largest Operators in the region are actively finalising agreements with Iofina, further endorsing the value added relationship Iofina offers larger oil and gas operators"

[jointer13] 25/9/2013 07:34

brilliant news...plus don't forget our non core water which could come any day now.
Water Project - Non-core

"Iofina Resources is at an advanced stage of its Fresh Water Right permitting process for the State of Montana. Iofina has secured strategic locations along the water source and main traffic thorough-ways to market water to support existing production and exploration in proven oil and gas fields such as the Elm Coulee Field, as well as support on-going exploration and drilling throughout nearby counties. All right-of-ways between the proposed pumping station and water depot have been secured. Iofina submitted a detailed engineering study to show the feasibility of this high capacity water delivery system. Iofina has received positive feedback from the State and has actively marketed the water in the area to oil and gas operators, trucking companies, drilling companies, and other local fresh water users".

[bobsworth] 25/9/2013 07:33

New plant designs for a variety of different site conditions is a key Iofina objective.
3 Design Types:
1. Larger volume brine streams of over 30,000 BPD,
2. High iodine concentration and lower volumes of under 5,000 BPD
3. WET(R) IOsorb(TM) mobile unit.
Engineering packages for these designs will be complete by the end of 2013, enabling implementation in 2014.

[cordone] 25/9/2013 07:33

Excellent update with lots of positives & delivered more clearly with less ambiguity than previous RNS's. Looking forward to the presentation this afternoon.

[superg1] 25/9/2013 07:32

Bag That is a great rns, showing things are going very well indeed

700-1000mt.

Just read about io2, in fact if they processed all the brine at 50k bpd by adding a pod or the like it's a 700mt plus location on it's own

50k bpd plus. So that means it's getting it's full 30k bpd with rising ppm.

The suggestion is 300ppm plus, so that makes it a 450mt plant on 30k bpd.

However I have had this conversation at meetings in the past, plants are designed for 30k bpd but can handle more, they will soon find out how much.

io1 is on better ppm and more brine.

I had io1 at best on 80mt to 100mt once fully sorted, but it seems ppm's are better than they thought.

recycling 60 mt per year.

io2 on 30k 400 to 450

io1 80 plus

recycling 60.

That's 540 to 590 mt per year before io3 to 6. io3 to 6 range 17k bpd to 40k bpd.

Take a 25k average and that's 100k bpd across those.

Take 200ppm as an average for the 100k bpd and you have 1000mt from those 4 plants.

It could be a,just in case figure, but as you can see the maths works heavily in favour of an under promise slant on that point.

The suggestion is two of the coming plants are similar to io2 in terms of ppm.

They could have put double that and it is justifiable based on the maths.

[orslega] 25/9/2013 07:30

good update - and IO#2 getting up to speed....

"The production outlook at IO#2 is positive considering the continuous development of oil wells with high iodine concentration brine being tied into IO#2. Recently a 12 inch brine pipeline was installed at IO#2 by the Operator to increase capacity. Initial volumes exceeded c.50,000 Barrels per Day. While this recent increase is expected to decline during drilling and fracking programmes, overall volume should afford excess brine over plant capacity."