Iofina Share Discussion Threads

[alphacharlie] 24/4/2014 08:14

N3tleyLucas, Bad Robot, Masurenguy and others - re the use of typeface and fonts.

Graphics is the art of communication. Typography is but one facet and one has only to imagine the works of Shakespeare or indeed a page of any printed communication set in multifarious typefaces and fonts thereof, with numerous colours to realise that it is an art form that requires sensitive handling. Clearly in a free world, one can choose to be avant garde (itself a typeface style) but in the interests of legibility a limited number of variations is preferred. On bulletin boards wiser people than we have decided that the same typeface is optimum though the use of emboldening, italics or the odd spot colour can be advantageous.

Within this context many of SR72's posts have me baffled.

[jbe81] 24/4/2014 08:10

IOF to finish up at least 20 percent today, a serious opportunity for new buyers

[deanroberthunt] 24/4/2014 08:10

I see Directors & PDMR filling their boots..............NOT.

[microcline] 24/4/2014 08:09

Has SR72 fallen asleep with his head on the keyboard send button? Super please put his lights out.

[masurenguy] 24/4/2014 08:04

superg1 - 19824: Masure you haven't had the pleasure of that guy. He an ex nurse from an OAP ward and a complete fruitcake with serious alcohol and other issues, a self-confessed internet troll as on twitter etc. My only post on the subject just to get you up to speed.

Cheers Superg1

[superg1] 24/4/2014 08:01

Naph

I think Woodward are struggling hence they had no option.

Been digging around re Chile and the suggested main issue for the price drop is Cosayach, not a smirking Cosayach.

Cosayach had a very tough time with the authorities on the illegal water extraction when they went from 6000mt to under 2000mt. So they lost many customers. They got a water permit and are said to be somewhere in the 3500mt region, BUT without long term customers and struggling for cash, so they have been selling at cut prices to get cash.

Roll on the 150 litres per second freshwater rule, tax etc, at which point it would seem they could fold and that's about 12% of the market gone.

[naphar] 24/4/2014 07:46

Super, IIRC was it Woodward rumoured to be trucking in brine? Why would they if it is so cost prohibitive?

I agree though if it can be done, target low bpd high ppm sites first.

[freshvoicem] 24/4/2014 07:46

Super
Yes he may be but he was closer to what the real potential was here than a lot of 'more educated' types.

[superg1] 24/4/2014 07:43

Masure you haven't had the pleasure of that guy.

He an ex nurse from an OAP ward and a complete fruitcake with serious alcohol and other issues, a self-confessed internet troll as on twitter etc.

My only post on the subject just to get you up to speed.

[naphar] 24/4/2014 07:43

Cyber, yes I got the point, I was just trying to say that even if not an exclusive contract, there may be other barriers. It being the partners disposal site may well make it exclusive though.

[cyberbub] 24/4/2014 07:38

Naphar, my point is it's been proposed that the company trucks in brine, which seems reasonable if it can be made to work. However will we be *allowed* to truck in brine from other parties, or are we forced to use only our main drilling company's brine? Or might they let us truck in brine from the same company's operations elsewhere?

[superg1] 24/4/2014 07:36

Just thinking logically, why would they arrange general trucking? the cost would be prohibitive.

In Texas trucking is down to the fact the operators don't have brine pipelines.

As I understand it OK is a network of pipelines interconnecting so that if one SWD goes down others are available.

It could be a case of reducing brine at one SWD by valve restriction to force to it to another SWD. That happened at midstates when the SWD site was hit by lightening and caught fire.

A 120 barrel truck with 200ppm brine in it would contain 3.5 kgs of iodine. So only the very high ppm sites would be suitable for that and then it would seem like a decent idea.

[naphar] 24/4/2014 07:31

Cyber, not sure. We are based at the companies SWD are we not? So bringing in someone else's brine, I don't know how that would impact re using the current partners SWD. If they are not using it too much due to disruption maybe they won't mind or will charge a fee.

Edit: so even if not exclusive contract there may be other barriers, not necessarily insurmountable.

I am just hypothesizing.

[owenga] 24/4/2014 07:30

Surely iof have some loan/ overdraft facilities they can rely on. The company does not go bust if it's bank balance goes below zero.Interesting to see if the company gets a clean audit report, ie still treated as a going concern!

[cyberbub] 24/4/2014 07:27

Does anyone know if the contract with the main drilling company is 'exclusive' ie. we have to take whatever they can give us (not much for 2014 as we now know!) or can we also get our brine from anywhere? I sure hope the company hasn't signed an exclusive contract - I see no obvious reason for them to have done so, to be fair...NAI

[sr72] 24/4/2014 07:10

I guess on shares there are crzies that see 60% down and there's always a dea cat bounce.


Well that's maybe not be the case here.


money is mostly about $1.5M quivalent £0.9M

a Rights issues at 5p is about right and the course of action otherwise company could become insolvent

[cyberbub] 24/4/2014 07:06

Looks like results tomorrow then.