Iofina Share Discussion Threads

[tim3416] 28/2/2014 09:59

Whatever the de rampers say, the fact is IOF are continuing to bring more plants online using proven, patented technology. There have been delays but any genuine investor who has done any research will accept this and know that this is a new and developing company with fantastic potential to make a lot of money from the production of iodine. That is not even taking into account the water aspect which we should be hearing about very shortly...the share price will not stay this low for long...

[beercapafn] 28/2/2014 09:56

Have not heard much about mobile units. Expect that it will be a different contractor - so could easily be built in tandem to static plants.

Any thoughts. ?

[jointer13] 28/2/2014 09:46

looks like we are going to have a busy march.

2 more plants more or less online.

water update.which could come anytime

following the 30th jan meeting.

"The Board reports that Iofina has been granted up to 60 days from the meeting date to provide clarity to its addendum, presented at the meeting alongside revised letters of intent, and address any further questions from the DNRC accordingly. Once the final addendum and revised letters of intent have been completed and submitted to the DNRC, the State of Montana will either approve or deny the application. In the event of approval there is a 30 day notice period for a public hearing. In the event the application is denied the Group would request an immediate administrative hearing. The Board will update the market in due course."

[warrensearle] 28/2/2014 09:44

Amnons 3 was a revision of the original plan of 6 plus mobile sites on another note re future plans have we finally done away with the Ukrainian shipments of parts given the situation over there I know they were planning to move to a US build post io4 ?

[investmentguru] 28/2/2014 09:38

Solid progress from IOF re the Iodine plants. Water Permit/JV news is now needed to get the share porice motoring again.

[pwcarnall] 28/2/2014 09:08

The last few rnss have felt like a sharp kick in the privates.Thats more user friendly from numis and gmp

[ammons] 28/2/2014 09:04

Warren, the company have announced plans to build up to 3 additional plants this year. 3 rather than 6? Prudent financial planning. I agree with them. Once 9 plants are up and running, with cash coming in from them then who knows. Notwithstanding the mobile plants and water, hopefully.

[naphar] 28/2/2014 08:50

goofy1
I think you miss my point

[yorkshiret] 28/2/2014 08:49

I'm pleased with this morning's announcement. Reflecting on October's IO3 announcement, we heard that commissioning was done on 31/10, and the company then updated us on 20/11 that tie in and approval for brine water had just taken place.

Today's release confirms that both these steps have already been completed for IO4.

To me, this is a more positive outcome than if they had told us that IO4 & IO5 had simply been commissioned, awaiting well tie-in.

Regulatory approval can't be an issue, as they have already constructed 2 plants in the same area with similar design.

Looking further back, just 12-months ago we only had IO1, with IO2 still undergoing fine-tuning. Now we have four constructed plants, three of which are large operations.

I'm not fussed about a couple of weeks delay.

[flyingbull] 28/2/2014 08:49

The March oil stock challenge is now on. Deadline for entry is midnight this Sunday.

Previous results can be found here.


Good luck!!!
fb

[diggulden] 28/2/2014 08:48

Warrensearle, timescales slip. It has been fairly well documented that we were 6 months behind the initial plan, probably closer to 12 months now. If IO6 is scheduled to be online in Q2, then that will be 3 plants online in the first half of this year. Not unreasonable for another 3 to be completed in H2 this year.

Is it a better investment than when we were at 75p 18 months ago? In my view, of course it is.

Forget water, forget oil, forget helium, the business is worth more than this on Iodine, which is what we are in the game for.

[che7win] 28/2/2014 08:43

Looks like shorters are a bit nervous this morning, greed about to take over.

This looks like the bottom.

[warrensearle] 28/2/2014 08:40

What about the 6 scheduled for this year as well amnons or are we forgetting about that one ?

[ammons] 28/2/2014 08:29

The RNS was sound in my view. They cannot issue statements every time the CEO farts. It seems as though this is what they are expected to do. A slight delay due to bad weather. So what. IO2,3,4 in the same area? A lot of iodine to be had there it seems. If IO6 is built in Q2 this year then commissioned shortly after then the old managements timelines will have been out by approx 6 months. Not a complete disaster.

[ansana] 28/2/2014 08:27

Someone said a while ago no comms from the company. I was told by the company about the Polar Vortex problems and in spite of that they have delivered imo. March will be an interesting month and it starts tomorrow.

[bobsworth] 28/2/2014 08:26

Well done Iofina and totally agree that "Production from IO#1-IO#3, shortly to be complemented by IO#4, together with anticipated production from IO5# and IO6#, further advances Iofina as a major player in the iodine market."

[captain_kurt] 28/2/2014 08:20

March will be an interesting month then :@)

[goofy1] 28/2/2014 08:18

naphar, google polar vortex and see if you can find an example of a US corporation that had it factored into their corporate planning.

[mike stutter] 28/2/2014 08:17

COMS about to move guys..

[naphar] 28/2/2014 08:16

Huttgl
Re this comment from you
"I didn't say they should avoid the winter cold. I said they should have taken this into account when planning i.e. assume there is going to be some cold weather and allow contingency for this when telling people when you are going to complete."

They said we would have the plants operational in Q1. They will have delivered on exactly that for plants 4&5. I think they did plan in weather delays etc.

Io6 they told us when they were considering to move it, that the move could impact timelines. It has done exactly that, but the only confirmed it now. Perhaps hey should have said in the December release that Io6 was likely to be in Q2. My only real complaint of today's RNS. The more I consider it, the more I think they are progressing as promised based on Decembers RNS.

[diggulden] 28/2/2014 08:14

My view FWIW.

Key point, we continue our roll out to achieve the aim of becoming a major Iodine producer.

A few weeks or even months delay here and there will not stop the above from happening. For every plant that is built, the business is significantly de-risked.

[shonny] 28/2/2014 08:11

Well that was a short lived rise. Almost red already. 70p close I reckon.

[superg1] 28/2/2014 08:10

THE IMPOSSIBLE

It's impossible for IOF to complete a plant and produce the following day. People want news to say a plant has been completed, and it has been posted many times for weeks.

IOF could have waited, for a few weeks, and simply reported io4 etc now producing without a completion rns. There would have been moaning all the way up to that about a completion rns.

Now the completion rns is out ............................ you get the drift.

[ansana] 28/2/2014 08:10

Proactive Investor - fair and balanced.
"Iofina (LON:IOF) has completed construction of its fourth iodine extracting plant, though the recent exceptionally bad weather in Oklahoma has slightly delayed the start of testing.

The group added its operations team had now taken control of IO#4 from the building contractor, with the tie-in to the well operator also complete and approved. The new plant is located near to the IO#2 and IO#3 plants, which are already in operation.

A fifth plant, IO#5, is on course to be completed in March. The start of production from both of the new facilities is dependent on final regulatory approval, with inspection expected to occur in mid-March.

Construction of a sixth plant, IO#6, is scheduled for completion in the second quarter of 2014.

George Lantz, Iofina's chief executive, said: "The completion of IO#4 solidifies Iofina's capabilities of constructing and operating multiple plants simultaneously.

"Production from IO#1-IO#3, shortly to be complemented by IO#4, together with anticipated production from IO5# and IO6#, further advances Iofina as a major player in the iodine market."

[microcline] 28/2/2014 08:08

Regarding some of the less than positive comments today, I think it was the late Marc Bolan who said "critics huh, I run them over in my rolls Royce"