Iofina Share Discussion Threads

[itstelboy] 19/12/2013 22:09

Absolutely agree Shroder, and his ear is closer to the ground than any one of us!

[noli] 19/12/2013 22:06

There are two types of mobile units, so prices may vary. Hydrsorb and the normal mobile units. Lets hope iof state which ones as they will do different amounts of iodine as they are both designed for different ppm's.

[diggulden] 19/12/2013 21:49

Bobsworth, not at home so don't have all info to hand at the moment.

If I recall, $500k on the mini mobiles, capable of up to 150MT.

In terms of deals with O&G companies, Midstates and Chesapeake are the two that spring to mind.

[battery] 19/12/2013 21:45

$300k per unit if memory serves Bob

[bobsworth] 19/12/2013 21:39

As Capex is key to Iofina's success does anyone know what the average Capex will be on these new mobile units that they will rolling out in 2014?

Also what are these mobiles capable of producing in terms of MT?

As they have much lower capital costs per MT than fixed site plants, could this be why Iofina have reduced their fixed site target rollout for 2014 in favour of mobiles?

This would certainly make economic sense in terms of both capital costs and profitability if the mobiles Capex is lower!

Finally can anyone remind what partnership/contract deals Iofina already have in place with oil/gas companies whose rigs these mobiles will be wheeled out to?

Sorry to ask so many questions but trying to workout Iofina's management logic!

[bobbyshilling] 19/12/2013 21:07

Agreed Judge. If this one is approved then it is likely that others will be approved later on. Although 'non core' it is still big bucks, and will add a lot to the bottom line. I hope that the 99% certainty is just that, and they can follow up the application with the necessary info.

Edit - Dig, it's true we may not need it, but everyone would much rather we had it, and I'm hoping the company are working their socks off to ensure we get it.

[diggulden] 19/12/2013 21:00

I want it, but I don't believe we 'need' it. I would rather IO4 & 5 be commissioned to be honest.

[judgemeister] 19/12/2013 20:53

Got to face it..we need the water licence to be approved to get something back on track in my opinon.
Whether its core or not it is still a revenue stream that we want & need.

GL all

[shroder] 19/12/2013 20:47

Just reading through the last AR and one thing that struck me was annual pay for Chris Fay.

I am sure there is a reason for this, but at £43k it seems quite low. The reference here is related to his share purchases this week which amount to over three years annual remuneration.

That's a fair vote of confidence.

[the librarian] 19/12/2013 19:02

Starfish, all anyone can say is read the RNS, until they let us know otherwise that is the only base to work upon... they did say this though 'The Board believes the Group remains well positioned competitively as a result of its advantage of lower operating costs as compared with other producers.'

[deanroberthunt] 19/12/2013 19:00

Was kann man tuen, wenn deine Schuhe Wasser durchlassen...das ist die Wichtigste Frage...

[uppompeii] 19/12/2013 18:43

Starfish, did you really put the Christmas Club money on this?

[starfishprime] 19/12/2013 18:24

Once 4 and 5 are built what will that add 300t, if and it is a big if the rest are rolled out next year won't we be getting to production of 1000 - 1200 p.a. A few short weeks ago it was being said that iof 2 and 3 could do that by themselves.

We now know production is not as high as once thought. You can bet the costs have gone up. Is it just me or will this mean that the production cost per kg will increase? does this mean that we are not such a low cost producer but still the lowest out there? What figures have the bod used to arrive at $20 - $25 per kg or don't we know for sure?

Is this potential reduced margin the reason for inventory build up, could they be waiting for prices to go back up to make the margins we thought?

If anyone has any thoughts they would be appreciated.

[monkeymagic3] 19/12/2013 18:06

Festario - I meant the crew that helped bring this down will probably be looking to make money on the way back up.

[killerbudgie] 19/12/2013 18:05

In case anyone thinks my profile is a new profile for an old contributor, I'm not. I have been watching from the gallery for a few months now and thought I would dip my toe in since our investment is taking a hammering.

I have gained much from many of the contributors here and look forward to more in the future.

Big thanks to sg,lib, worraps, che7win et al...also netley.

[superg1] 19/12/2013 17:59

Lib yes nuts.

Damned if you post damned if you don't.

In FUM I liked it, I bought and I did research. I found something I didn't like and posted, I got out and so did a load of others. It hit highs of 107, and eventually 40p on the back of an RB spilt we thought was coming.

Do I think FUM is a good investment, Yes, but not at 107 because of what we found.

Do I like FUM now, yes a lot, but p'd off like others re failures from the past, some big holders walked recently and it hit 50p.

I've never disliked the IOF share and won't, Just a bit peeved with promises and confidence just 3 months back, v delivery since then, much of that caused by suppliers re towers. The photo's on the website show two plants io4 and 5 waiting for towers.

Personally I suspect the recent import from the Ukraine were towers for io4, but we'll have to wait and see

They are a quarter behind on that promise, but two rns releases caught all by surprise and hit the confidence, and dare I say margins, hard.

Anyway better things to do than this. If IOF deliver I believe they will, then INVESTORS will be still here, exchanging views in a sensible manner.

[the librarian] 19/12/2013 17:49

I'm not saying that ramu, but the bb is infested with them recently. Anyway, at least we have the evidence that 4&5 are just waiting for the towers.

[ramu kumar] 19/12/2013 17:48

The way this company was managed the past year, I think my 8 year old could have done a better job!

[the librarian] 19/12/2013 17:45

It would be a nightmare if the PI's had a go at managing the company ramu. Let's hope they have brought it back to base level plenty of foundations in place (excuse the pun) and we know what they need to do now and I feel sure that they do too.

[ramu kumar] 19/12/2013 17:43

Lib, anyone who questions anything or has a negative viewpoint is not a de-ramper.

If only we listened to these so called 'de-rampers'........

[ramu kumar] 19/12/2013 17:39

naphar, the discussions, bickering etc. here is not going to affect IOF's production, sales, delivery etc. We PIs do not manage the company - the BOD need to sort all IOF's issues and deliver on time.