Iofina Share Discussion Threads

[naphar] 13/6/2014 21:34

I still have not grasped the idea of moving mobiles. They will only be able to move them somewhere the pads and electric are already in place I believe. So i don't expect them to be moved willy nilly.

[monts12] 13/6/2014 21:14

Hi Bobsworth
I understand your concern about whether or not the mobiles actually work but rest assured they do. How do I know this? Because Lance stated that they re-designed them in the last few months. Apparently the units originally envisaged have been modified due to their chemical-based system having issues with higher brine temperatures that they'll be dealing with at SWDs. The new design will overcome this and make them more efficient producers.

There was clearly excitement for these to be a key driver for growth.
Each one will be able to handle upto 10,000 bbl/day, they're cheaper to run (no staff required once in situ), they have cleverly modified existing parts commonly used in the oil industry to build them (so no specialised or expensive components) and they can be moved to areas of high ppm or equally removed elsewhere if flow is disrupted for any reason, what's not to like?

[1madmarky] 13/6/2014 20:49

The design is just a modification of an existing product. They extremely confident that it will work out the bag. it is using existing technology just smaller. So should work.

[bobsworth] 13/6/2014 20:22

Okay then was anything said about how they intend to test them in the field to make sure the new design works to their expectation before they place any orders for their rollout? TIA

[bogg1e] 13/6/2014 20:14

They havent been build yet, just design revised and completed

[bobsworth] 13/6/2014 20:12

Knowing Lance is a stickler for detail and focused on getting things right, out of interest, was anything said at the AGM on how extensive the latest design of mobiles have been tested in the field and how they faired in terms of production.

[freshvoicem] 13/6/2014 19:39

We are back to the days of eod drops it seems.
I know I shouldn't have commented on Nutters return, his verbal diarrhoea seems to be bad again, poor fool. Glad I have him filtered. Just feel sorry for those he winds up.

[rock star] 13/6/2014 19:21

Good to see sanity returning.

With the right management in place this remains one of the best business models around.The cash position will have bottomed and will steadily increase in the coming months. At a point where they feel comfortable they will order the first mobile units so they can continue their growth strategy after the period of consolidation and changing of the guard.

As each week/month passes with improved plant efficiences this is becoming significantly de-risked. I expect a solid trend upwards from here.

[cyberbub] 13/6/2014 17:23

I have no idea what he's saying but I doubt it's a coincidence that he has turned up after a drop of a few pence in the share price since the AGM...

[n3tleylucas] 13/6/2014 15:56

Why did you add an m mate?

[freshvoicem] 13/6/2014 15:52

So the idiot has returned. Wonder which institution he's been resting in the last few weeks?

[n3tleylucas] 13/6/2014 15:51

'like rogerbridge said, gone are the days of worrying whether the company will make it or not'

Oh rogerbridge who advised all his family and friends to buy this cash-flow crisis dog? Yeah, he's getting a divorce and drinks on his tod.

The best way ;/

[meb123] 13/6/2014 15:37

Yeah I know ..I feel comfortable too with my investment in IOF especially with a timescale of 2 years but cant help the feeling its going to 2 steps forward , 1 step back going forwards. But thats AIM for ya.
Incidentally, whats the water project about?

[diggulden] 13/6/2014 14:39

Meb, I wouldn't worry yet, I have never known an insti to walk out of a presentation and start heavy buying of a share the day after....

True value will be realised here, the pieces are in place now, like rogerbridge said, gone are the days of worrying whether the company will make it or not IMO.

[rogerbridge] 13/6/2014 14:36

Talking about a glass half full.

I am very relaxed about IOF at the moment.
Gone are the days when I used to dread turning on the computer to look at the share price.
We have stability and prospects are very good indeed.
There may be on or two events that could push the share price up in a northerly direction.

Hook up's of new installations.
Increased production.
Japan connection.
Increase in Iodine price due to competitors problems.

A bit further down the road,
Water.

Possibly during next 12 -18 months
Oil.
Helium.

There will be a few bumps along the way, but more relating to the stock market in general.

The company is in good hands and there are SG and others who are digging away unearthing valuable information. The information gleaned is far better than provided by any broker. You only have to see what has been predicted to happen to the opposition to understand that.

[meb123] 13/6/2014 14:06

LB's investor presentations do not seem to have led to a mad scramble by the big boys to fill their boots . Maybe they need the weekend to digest the info. Heres too hoping anyway......

[superg1] 13/6/2014 13:04

Well done bobby, I hadn't looked here for a while, nice one.

[bobbyshilling] 13/6/2014 12:31

Thanks rhwillcol. Just got to hope it flows now, but overall looking very promising.

[rhwillcol] 13/6/2014 12:26

Congratulations bobby: brilliant call.

[bobbyshilling] 13/6/2014 12:18

Wow! Have you seen MSMN today (see post929).

[superg1] 13/6/2014 08:25

Do you recall the comments about a Chile company producing sub-standard iodine. It would seem behind the scenes the finger is being pointed at RB energy (Sirocco), so their sorry story last year of 'supply times' which didn't add up at all (as in a post) was probably a bit of the usual Chile BS. That would explain why they were always selling under market prices

That supply time, and action to remedy it, never added up on the figures, and it now seems contaminated iodine is an added problem for them.

Buyers want 99.5% plus purity in most cases.

[woodpeckers] 12/6/2014 20:57

I'd like to second that, engelo.

This has been an "annus horribilus" for investors, but it is heartening to see that most of the original investors are still here. The quality of the posts always gives me the confidence that I need to know that I was right to "hold tight" on the roller coaster ride that we've experienced this year.

A great big thanks to all who posted after the AGM (particularly naphar who's feedback was remarkable).

Thanks undoubtedly must go to super , you deserve a medal for your investigative endeavours!

Definitely got the feeling that we are really about to start the ride back up.

[bobsworth] 12/6/2014 19:12

Cosayach problems could limit Chilean output expansion and reduce price erosion

Iodine industry sources have told IM that prices for iodine above $40/kg are now "virtually non-existent", bar sales for a handful of small volume, highly specialised applications, after the market softened further in recent months.

hxxp://www.indmin.com/Article/3350371/Iodine-prices-slip-below-40kg.html