Iofina Share Discussion Threads

[pugugly] 27/2/2014 09:36

SP drifting again. OK we know (I think) that the share price will take a sentiment hit if the water permit is denied

Best estimate (guesses) as to downside if rejected or upside if allowed in its entirety) ??

[shonny] 27/2/2014 09:31

It's looking like a visit to the sixties is coming up for this dog.

[superg1] 27/2/2014 09:12

Briley

Cost per barrel depends on where the depot is v demand. Many 'depots' are existing extraction points from years back re farmer irrigation and temporary rights changes to sell to the oil industry.

Hot water is in demand too and they pay $5-$6 for that. Cold water can be anywhere bewteen the price you mention up to $2 pb. It all depends where the demand is v depot locations and that's what covers the price variations.

Chesapeake in a presentation quote $1 pb costs per hour for trucking.

The Bakken in ND alone covers 18000 square miles (just over a third of England), and the Bakken itself is the size of France.

So a case of how close the demand is to their depot, and if that includes a hot water demand etc etc.

The other factor is guaranteed supply which the big oil service sectors will want, some permits and depots are for very small amounts.

I have noted your sudden interest in IOF, with little interest in anything else since you registered some time back. If you haven't done a lot of research then it will take you some time to get a grip of the business aspects.

[johncsimpson] 27/2/2014 09:07

I like your sense of humour Charlie.

There's been a lot of noise re io4 & io5 being completed this month, handed over this month and the commissioned very soon after. There's the granting of the water permit that's been floating around since the end of last year and now just wants rubber stamping. Others are hankering for some production figures etc. T/O's, J/Vs - a lot of people winding themselves up here.

Just don't be surprised if there isn't any news and don't be surprised if the share price stays flat and reflects this, in which case expect the resident trolls to re-appear in short order.

Added: Well there you go Shonny in with the opportunistic post . . .

[shonny] 27/2/2014 08:45

Todays drop is indicating that more bad news is coming. Another missed target I expect. Nothing new there then.

[microcline] 27/2/2014 08:29

Regret, but mind games is outwith my area of expertise.

[alphacharlie] 27/2/2014 08:06

ANybody else think IOfina are playing mind games with us investors??? No Rns again

[bobsworth] 26/2/2014 22:06

Cheers for that che7win looks very good for Iofina if they are granted water rights in both Montana and North Dakota who are in desperate need of new water supplies.

[brileyloucan] 26/2/2014 19:00

Useful discussion. The attached from North Dakota in August 2013 says 65 to 85c per barrel. Working on the lower end of this is $19m assuming they sell the full allowance. Costs are pretty negligible a few depots and a bit of servicing say $2m per annum (finger in the air) gives 13c per share = 8p per share.

Does that seem reasonable?

[superg1] 26/2/2014 18:11

Such water supply stations are alien to us for but common for the US and Canada.

Just look at the picture and the fence just behind. It looks like a fill up your 5 gallon jerry can job.

Here's an ND water depot in action

[sandbag] 26/2/2014 17:48

Briley,

In the 70's I worked on a barge in the far east. There were 400 men on board and our water was processed from seawater. The figure used was 50 U.S Gallons per day per man (washing, drinking, cooking, laundry). That was 20,000 US gallons per day so 50,000 per month doesn't seem too much!

[brileyloucan] 26/2/2014 17:31

Thanks sg, I'm not sure this is domestic, over 50,0000 gallons per month is a significant amount. This is for tankers filling up with water - maybe for irrigation, swimming pools, or commercial purposes. Also not sure why there would be a massive difference in costs - but happy to be informed otherwise.

[superg1] 26/2/2014 17:28

Briley

Domestic water, which is a different matter.

There is an example over the border in Canada somewhere. I'll try and find it.

[brileyloucan] 26/2/2014 16:43

Does anybody have evidence for the price of water which has been posted previously for cold and hot water. shows that water in Glendive, Montana (not a million miles from Roosevelt county) sells for $5 for 1000 gallon (0.5c per gallon) up to 50,000 gallons per month and then for $10 for 1000 gallons (1c per gallon) above this.

At 42 gallons per barrel this gives a price of between 21c and 42c a barrel. This is a long way short of the $1-$1.50 that has been claimed for cold water. Still not to be sneezed at and worth up to $12m revenue a year - 80*42*365*$10.

[angel of the north] 26/2/2014 16:34

What IS it with this dive at close? Does my heed in!

[che7win] 26/2/2014 15:12

O/T: Bubble stage in market?

[alphacharlie] 26/2/2014 14:19

Tar Zendo - a new one on me.

[zendo102] 26/2/2014 13:38

No, alphacharlie. "Outwith" is Scottish English, and in some cases has a more nuanced meaning than "outside".

[alphacharlie] 26/2/2014 13:28

Is that 'outside' Microline?

2 more chance for an RNS inside the end of month time pattern

[microcline] 26/2/2014 10:48

Suppose I was a high cost producer outwith the USA with contracts to fulfil in the USA why wouldn't I give a bulk order to IOF to supply my customers?

[dontshoutatonce] 26/2/2014 10:13

Exactly right Woody et al.. I spoke to company and they are building the inventory and have other potential buyers, but naturally they wouldn't enlarge on that, except to say that a stock pile is needed to convince buyers that a stockpile is there should anything go wrong with the supply, which is probably what we all guessed.

[jbe81] 26/2/2014 08:04

superb are you still keen on obt?

[woodpeckers] 26/2/2014 07:56

"US imports of Iodine may be based upon long term contracts which might need to expire before we can move in."

Good point and a good reason for IOF to make it clear what they anticipate being capable of producing and at what price they expect to sell it on at so that importers can start planning for the future.

[meadow2] 26/2/2014 07:46

I keep trying to inject some realism into this BB. Do let us await concrete news and figures before we go off on unreasonable speculation!