Iofina Share Discussion Threads

[joestalin] 21/5/2014 10:38

I think provisional, here, means 'unless something happens to prevent or delay it'.

You seem to be interpreting it as 'it might or it might not' - hearings do not normally work on that basis (Africa excepted).

[1madmarky] 21/5/2014 10:32

I definitely want monthly production numbers, it will stop the share price getting so out of control.

[cyberbub] 21/5/2014 10:32

I thought we had determined that the water hearing date was only 'provisional' at this stage - has it been confirmed?

[joestalin] 21/5/2014 10:20

Yes, Bog, the water hearing will be on 3rd June so the RNS will be first thing 4th June maybe. The AGM is on 10th at 10.30 UK time. Sandwiched between the two, we should have the second monthly update.

[bogg1e] 21/5/2014 10:09

cyber, the water hearing is scheduled for june 3rd.

[awolagain] 21/5/2014 09:56

Cyberbub

I would hope not...monthly for the foreseeable future is what I would and Mr Market would hope for...for at least 6 months until we are on full production and all plants running.

[cyberbub] 21/5/2014 09:52

I would hope to hear very soon a confirmed date for the water hearing as well.

[cyberbub] 21/5/2014 09:51

Hopefully just 2 weeks until the next production update??I would assume that possibly after June's report that they might move to quarterly reporting, once investors have (hopefully!!) been reassured by an increasing production profile....GLA NAI

[engelo] 20/5/2014 21:09

A trip down memory lane (from 2009) relating to the purchase of H&S Chemical:



Lampricide appears in the list of derivatives (various of which don't contain iodine) thoughtfully provided by non-exec chairman.....Chris Fay :-)

A few quotes from CF's statement:

'The additional 230,000 acres and associated wells purchased and announced in
May 2009 contain iodine levels which vary between 50 - 70 ppm, higher than
levels currently being seen in the previous wells drilled by the Company.'

'The iodine market remains firm with pricing in the low $30's per kilogram.'

'extracting iodine from the waste brine streams has
brought forward a number of opportunities to deploy Iofina's mobile WET®pod
units. The directors believe that this will be a very cost effective strategy
for Iofina and negotiations are occurring on a number of fronts which, if
successful, will add significant Iodine volumes to Iofina's production with
limited operational involvement for Iofina.'

[napoleon 14th] 20/5/2014 20:49

NUTTY3 - you're a waste of space & you take up far too much.
Criticism is a good thing as long as it's not a childish "squating" of the thread.

FILTERED.

[gadolinium] 20/5/2014 19:13

After a bit more searching it appears Weylchem do still stock 4-nitro-(3-trifluoromethyl)phenol, but it is listed under CAS number 654-66-0 which is the water soluble sodium salt rather than the parent compound which I originally searched for. I must say I was a bit puzzled that they would stop manufacturing a high volume product such as this.

[rogerbridge] 20/5/2014 18:50

Interesting posts today, thanks SG and others.

[mister big] 20/5/2014 17:50

All comments amuse - doubtless we will see iodine production numbers for may in a few weeks and see what progress is being made

[gadolinium] 20/5/2014 16:42

Crosseyed,

'would Iodine be used in its manufacture?'

A good question! I suspect not, but cannot be really sure.

According to my Merck Index (12 edn.) the original patents to TFM use as a lampride were assigned to Hoechst in the 1960s e.g. US3157571, but these only describe it's use, no synthesis is given. These will have now expired.

US3251889, also expired and assigned to US Rubber Company, claims a synthetic route, it does not use iodine. But the patent only describes the final step in what must overall be a multistep process.

[crosseyed] 20/5/2014 14:28

sg1,

Thanks for your ever-penetrating research - in this case regarding the production of lampricide by Iofina.

As you mention, its scientific name is Trifluoromethyl-4-nitrophenol and molecular formula is C7 H4 F3 NO3. So Iodine is not a component but would Iodine be used in its manufacture?

In dollars, non-iodine products accounted in annual revenues as follows:
2011: $5,110,000
2012: $2,251,000
2013: $0 (or possibly the split was not revealed)
2014: ? $3,000,000 (resumption of lampricide contract)

Certainly the revenue in 2014 would be very useful given the bad start to the year. Is that a reasonable assumption to make for 2014?

c

PS: Pace gadolinium re chemical name :}

[gadolinium] 20/5/2014 14:13

Super, Very interesting posts on the lampricide product '3-trifluoromethyl-4-nitrophenol'.

Strictly speaking according to formal International Union of Pure and Applied chemistry (IUPAC) rules this compound should be called 4-nitro-3-(trifluoromethyl)phenol but appears under both names in the literature. In order to avoid any uncertainty in searching due to different nomenclature I took the liberty of searching for the compound on the Weylchem site using its CAS number (88-30-2). CAS numbers are unambiguous unique search terms assigned to chemical compounds by the Chemical Abstracts Service and avoid problems associated with alternative naming systems.

I can confirm from the CAS number search that this compound is no longer stocked by Weylchem. (EDIT: See post 21115 for correction.)

It is listed in some alternative chemical catalogues e.g. Sigma-Aldrich and TCI, but appears to only to be supplied on a laboratory scale e.g. 5-10 gram.

[engelo] 20/5/2014 12:35

SG: thanks for info on lampricides. Had wondered whether there was a connection with the major contract that was 'off' in 2013 and back on in 2014 which you first mentioned about 18 months ago from memory.

The biggest problem with sea lampreys is in the Great Lakes which is a hell of a lot of water to treat. This link has a picture of the beast which is not for the squeamish ;-)

[n3tleylucas] 20/5/2014 12:30

Sneaky Graham,

It's one thing removing my mate's post from the header... that YOU put there, but to remove the fundamentals from below the charts simply to hide the pathetic MV this has now become makes you so utterly devious I simply doubt I will ever trust you again. lol

[bocker01] 20/5/2014 12:22

If the other supplier has gone then IOF should be getting a premium price on anything over and above the original contract.

[testuser123] 20/5/2014 11:14

Don't know if anyone else saw but the Chilean corp tax hike has passed the Chamber of Deputies (house of commons equivalent). Only hurdle left is signoff in the Senate then it's a done deal. As SG says, every little helps :)

[woodpeckers] 20/5/2014 11:04

Good work SG, were you a ferret in a previous life? :-)

[superg1] 20/5/2014 10:50

Thought I'd be innovative and use the correct spelling for Lampreycide (Lampricide) still a blank on the search. lol

[superg1] 20/5/2014 10:36

Some more re lampreycide and again speculation but with good reason.

The suggestion was that there are only 2 makers of lampreycide.

So anorak like, I went on the hunt to see if that is true. On the web the US fisheries pro-forma can be found that the staff fill in when using lampreycide.



3 companies are shown on the document, 2 of which are IOF as H&S became IOF

LAMPRICIDE DATA
Manufacturer: HS=H&S, WE=Weylchem, IO=Iofina .

Weylchem are Germany based

I have checked the Weylchem site and searched for the product using TFM, the long version and Lampreycide. Nothing comes up.

Feel free to search yourselves



So in conclusion it seems to me that IOF are currently the only suitable and available supplier to the US fisheries.

Way back there was also a comment that IOF would seek to grab the market share the competitor had.

As the competitor is now obvious, and they don't seem to do it anymore, it would seem IOF have succeeded in that regard.

Non-iodine related products are listed in IOF results accounts, and I recall a drop in revenue there for the period they described where the contract break appeared. Periodic stuff but it looks like it will be a good demand this year with IOF being the supplier.