Iofina Share Discussion Threads

[festario] 11/11/2013 23:41

Escape, hindsight is a wonderful thing, but I cannot believe what I am reading.
I saw no indications to sell in the 240's, so how did you?
The first hammer blow was the 1st Lance RNS, which took the share price down in a flash.
The 2nd Lance RNS hammered us again, but for the same reason, which was very unfair.
Glad to see that you think those of us underwater will think we have a bargain later, but the REAL bargains are to be had now.

[crosseyed] 11/11/2013 21:23

Thanks gadolinium,
I know those were unfair questions, but you never know!

c

[superg1] 11/11/2013 21:02

Star don't panic, aren't you watching my countdown? that ignores the run of the mill stuff.

All subject to timelines met, but all one can do is wait.

[mail2] 11/11/2013 20:41

if i remember chart from fingers site said something about revisiting 156p ? don't think it did.

[starfishprime] 11/11/2013 20:13

I have bet the Christmas club money on this and I am down 12%. News better come soon.

[gadolinium] 11/11/2013 18:47

Hello Crosseyed,
I really can't speculate as to what proportion of IOF chemical's raw material costs are represented by iodine alone or what their mark-up is for the processed products, we just don't have the information.
Sorry I can't be more helpful.

[superg1] 11/11/2013 16:45

Crosseyed

Re IOF products in news releases, and other bits there is the mention of high value speciality products.

E.G.

IOF talk of new products invented that will be unique to IOF. On their list it includes over 50 products, but the new ones are not listed.

For those that like the odd few facts

On water, North Dakota predicted the water use would go to 3 billion gallons p.a. but it's turns out it's closer to 5 billion so far and the 3 forks has only just started to join in.

They expect 40 t0 50,000 wells in ND once it is fully developed, with wells having up to a 45 year production life. Such wells get reworked many times with fracking.

But the main point in the water used. I've seen plenty of comments re enough to go around, and we know people can object to applications. However that is generally linked to aquifers or wells.

To put it in perspective, more water flows in the Missouri in one day (past a fixed point in ND), then the Bakken oil industry currently uses in one year.

[worraps] 11/11/2013 14:42

superg

Well, thanks for that info. I'll keep a look out for the ? column activity, and become one of the people who you keep guessing then.

You've contributed an enormous amount of help on here in the past, which was gratefully received by many I know.

[worraps] 11/11/2013 14:35

Bobsworth and rogerbridge.....I sincerely hope the only frost you see this Christmas is cold, white and on the ground! Good luck with all of that, and your families.

[crosseyed] 11/11/2013 14:35

gadolinium,

Thanks for your reply to my post 10733. My naive question has indeed provided far more useful information than I could have hoped for.

The fact that Raw Materials would include costs of chemicals other than Iodine had occurred to me in retrospect. The tenor of other helpful posts was that the Iodine represented largely the cost of bought-in product at market prices. So what proportion of the costs represent the cost of other chemicals? 50%? If so, then would it be reasonable to infer that perhaps 50% of those costs, ie for the Iodine, could be greatly reduced by in-house processing? Perhaps by 70% given the indicated in-house cost of 10-15% per kg against a market price of about $50/kg, so say $35-40/kg.

On top of that, do we have any indication of the mark-up on processed products from the Chemicals Division? Would they be mainly biocides?

Most of the hard(ish) information that I am picking up is coming from posters (particularly sg) rather than through multiple readings of company reports and RNS's. Though I am very impressed, I would favour more detail at this stage from the company.

c

[rogerbridge] 11/11/2013 14:07

Bobsworth, I am in the same boat, but Christmas is a few weeks away, so there is still plenty of time.

[bobsworth] 11/11/2013 14:05

Only problem I have with the share price is that some friends and family have dipped their toe in and bought at £1.72 to £1.85.
Fingers crossed we get confirmation that IOF#3 is in production and producing x mt along with production data on IOF#2 etc etc.
Other wise Christmas is going to be a little frosty not helped by telling them how well some of us have done by buying in early at sub 50p!
That will teach me to open my big gob!

[superg1] 11/11/2013 14:02

Worraps

Re funds

'No-one knows, it's just speculation'


No not really, there is a long grapevine here, and there will be in most shares. I wouldn't mention it if it was speculation.

On occasions in the past I've had calls, messages and other forms of contact where it is known calls have been made to brokers and others asking if they have stock available, or may have willing clients to let some go, and so on.

Sometimes on the day of the ring around, sizeable trades/volumes appear in the unknown column and the price goes nowhere.

That to me suggests the seeker found a willing supplier and a deal was done. It happens everyday.

Generally those events happen when supplies are short hence the ring around. If the buyer couldn't find the stock they wanted and still want in, they can sit on the bid with the order. If they are in a hurry and go aggressive on the market to get them, the price moves as the MM's don't have the stock.

The experienced folk may correct me on that, but that's my basic understanding of it.

As for other aspects od speculation, there is much I haven't mentioned recently, but if I did, it's not speculation but backed up by the good old digging. Nowadays I'm more inclined to just let it happen, so it keeps all guessing to some extent.

[bobbyshilling] 11/11/2013 13:58

worraps, I have been considerably underwater in the past with some shares, so know how anxious you and others may be feeling, with no update. But the rns's we have had, and feed back from those who attended presentations do reflect confidence, so I should be surprised if things are not going according to plan. Any delays from now on I should think will be of a relatively short timescale in the big picture.

[meadow2] 11/11/2013 13:51

I suspect that numbers will not be RNS'd and that the obligation is only to RNS commissioning. Presumably, yearly rates, i.e. 700-1000 target, will be advised early in the new year. I'm also presuming that IO#6 will not now be commissioned until 2014 after being taken close to the site of IO#2 as already proposed. More patience required, I'm afraid.

[worraps] 11/11/2013 13:44

bobbyshilling

Yes, you're probably right. It just seems like a very long time ago now, since the 'Lance Baller plunge', (5 months ago), and I guess I'm just feeling the strain today. Five months suddenly seems quite a long time to recover, which I would have thought we would have done by now. I really don't think we are 'under the radar', you see. IO2 is actually producing more than it can cope with. I would have thought that that fact alone would have made IOF very attractive.