Iofina Share Discussion Threads

[che7win] 30/4/2014 08:34

From memory, 1/3rd of Jap iodine production is recycled.

[orslega] 30/4/2014 08:15

bobsworth - although the article below attempts to present a rosy picture, I see Toyota Tsusho are are now actually starting to recycle iodine. That suggests supply is not that rosy and probably diminishing for the reason already covered in depth here by SG and others.

Iofina have lodged their leading patent in Japan and they will be well placed in the future to assist the likesof Toyota. (hmmn recovering ioine from waste liquid seems familiar!)

"In addition to recycling efforts by iodine manufacturers, Toyota Tsusho plans to start recycling 100 tons of iodine a year at first, by recovering the element from waste liquids"

hxxp://asia.nikkei.com/Business/Trends/Iodine-Japans-precious-natural-product-has-promising-health-applications

[bobsworth] 29/4/2014 22:56

Snippet of info

"in Japan iodine production is on a slow and steady decline, due to the location of the iodine reserves in the ocean off the coastline. At some point, the removal of brine water containing iodine must halt, because it creates an easily measurable drop in the land mass of the Japanese islands."

[superg1] 29/4/2014 22:27

Rns tomorrow is funding used io7 complete and in full production, with Lance even finding time to do a quick visit to the Antarctic and back via canoe to get some ice for the champagne.

[bobsworth] 29/4/2014 22:24

crosseyed unexpected by a man of no detail!

[dcgray21] 29/4/2014 22:07

Crosseyed - let's hope that level of incompetence left the company with the Monday RNS

[crosseyed] 29/4/2014 22:03

Bobsworth,
Unexpected or unanticipated? The latter I think, since they could have asked the operator. Even worse, perhaps they did :{
c

[crosseyed] 29/4/2014 22:01

gadolinium,
Your explanation is very much appreciated. I shall study your link shortly.
c
PS Now studied. Thanks again.

[bobsworth] 29/4/2014 21:40

Wishful thinking I know but I would love them to issue an operational update on if, how and when they can top up the brine supplies to plants 3 to 6 affected by the unexpected increase in fracking.
If Lance sorts this problem too then Shonny will be eating his hat !

[monty panesar] 29/4/2014 21:35

I feel sorry for those guys who sold 6 days ago.

[ammons] 29/4/2014 21:32

All this IOF activity is making me very dizzy. My head is spinning. To think I nearly sold to cut my losses after that truly horrendous production update on 23rd. Sticking with it till death now. Hope I don't live to regret it........ I am not as convinced about the likelihood of success of the new grand plan as many here are but I live in hope......

[dcgray21] 29/4/2014 21:04

Monet - that will be 2 shares each and their annual salary has gone :)

[monet] 29/4/2014 20:58

Any guesses for tomorrows RNS?!

Directors Buying

[gadolinium] 29/4/2014 20:51

Crosseyed post 20500:

'Does anyone know how a mobile will operate? Not in the literal sense of being set up near a suitable SWD but rather in the technological sense.'

---------------------------------

In the conventional iodine blowout process iodide in the brine is oxidized to free iodine (I believe Iofina use electrochemically generated sodium hypochlorite for this step, older processes use more obnoxious chlorine) and the oxidised brine then passes to the blowout tower were it descends as a spray of droplets from the head of the tower and is met by an ascending counter current of air which extracts the free iodine as iodine vapour (iodine is appreciably volatile and this stage of the process is assisted by high brine temperatures). From the blowout tower the iodine rich vapour stream passes to the absorption tower where, conventionally, it is reduced with sulfur dioxide and is absorbed as water soluble mixture of hydroiodic acid (HI)and sulfuric acid (the latter is formed by oxidation of the sulfur dioxide). This concentrated absorption solution containing iodine in the reduced state (HI) is then passed to the crystallizer unit where it is again re-oxidized to free iodine and crystalized.

I presume the mobile units will carry out the first two stages described above to give the concentrated absorption solution which can then be transported to a larger IO unit for final processing in the full size crystallization unit.

The above is a generalized description based on conventional prior art I am not privy to the fine detail of the process as operated by Iofina.

My only concern is the technical challenges posed by miniaturizing the blowout tower. These look pretty big bits of kit to me, but I am not a chemical engineer. I have to presume Iofina's engineers can overcome the design issues.

The link below provides a nice mobile diagrammatic of the process.

[monty panesar] 29/4/2014 19:56

Can't see analysts making any predictions until more consistent iodine production come through. Once bitten, twice shy etc etc.

[stanle] 29/4/2014 19:41

How about confirmation of the share price target from Numis for tomorrow? Has that been issued yet?

[monty panesar] 29/4/2014 19:34

Any guesses for tomorrows RNS?!

Assuming IO7 in place with a couple of mini's run rate for y/e should be well over 1000t despite the idiots making multiple balls up. With a combination of building 4 plants next year in high ppm areas and some more mini's they should be knocking 2000t per annum on the door by y/e 2015....with the right management.

The business model is a good one and we should have a good time from here. Iodine prices are at their low and so when they start to rise IOF will be laughing.

Compared to 2 years ago this price stupidly low.

Just need some production figures to convince us that 400t is achievable.

[rogerbridge] 29/4/2014 18:41

Just arrrived home, a pleasing end to the day. We can now begin to motor. Mr B has been very shrewd here and it a very good deal for him that should earn him a very large profit. However it is also a good deal for IOF, a win win situation.

[1madmarky] 29/4/2014 16:42

Thanks naphar, that's what I meant.
Nice finish as well. ;-)

[diggulden] 29/4/2014 16:31

Good strong finish for the day. I think we will see a rise back to the 55-65p level where we will trade for a while until news dictates otherwise.

[crosseyed] 29/4/2014 16:30

naphar/cyberbub,

Thanks for your posts. It's like jigsaw pieces coming together to form the picture :o]

c

[cyberbub] 29/4/2014 16:26

Not a substitution, but given that the larger plants often seem to have unused capacity(!), and that the mobile units will focus on high ppm low volume brines, then the only additional cost (ie. transport of the 'concentrate') should be more than offset IMO. In effect the mobile sites can be considered as ensuring full utilisation of the larger fixed plants IMONAI