Iofina Share Discussion Threads

[madchick] 30/6/2014 20:34

I love the Mauritius flag.

I thnk there must be more than one from SA - think Canada has 0.2% and Gibralter.

Can't believe there are so many from Egypt.

Some might be visitors to any country, of course.

[monty panesar] 30/6/2014 20:04

I'm only expecting news on anything related IO1-6 to be through the monthly update. June production figures could be anywhere between 35-45t. A lot still depends on how many down days IO2 has.It is July and August where production is expected to go up to a new level.
I'm hoping for news of mini orders to start to pencil in higher monthly production volumes in the final 3 months of the year.


diggulden   30 Jun'14 - 11:15 - 22418 of 22422 4 0

Plenty to come in the next 2 weeks though hopefully, we should have IO5 power hook up and immediate production, IO6 commissioned and start of production and a production update for June.

[freshvoice] 30/6/2014 19:37

I mean mt not J for June

[bazzerp] 30/6/2014 17:14

40+ Japs for June - is that just 1 guy visiting this site twice each working day.

I guess I am the only IOF follower in South Africa with 0.3% ?

[freshvoice] 30/6/2014 16:36

Number of Japanese visitors slowly increasing?

Hope for 40+ for June ;-))

[diggulden] 30/6/2014 11:15

Plenty to come in the next 2 weeks though hopefully, we should have IO5 power hook up and immediate production, IO6 commissioned and start of production and a production update for June.

[phoenixs] 30/6/2014 10:59

tackems, don't hold your breath.. nothing much expected this month.. its the next two months which will be interesting to say the least.

[tackems] 30/6/2014 10:45

A weekend without posts - wow that must be a first.

Everyone must be holding their breath waiting of an update!

[superg1] 28/6/2014 16:40

Well they seem to be getting a move on, an area where many won't be interested.

Short term worries for some about cash in the bank, but that's exactly what I think they will be, short term worries, that will evaporate.


AAZ

The CHIP thread with the gold miners all in costs, is a great thread to follow.

[che7win] 27/6/2014 21:39

Superg,
Yes, any price rise falls straight to our profit line, Chile news needs watched closely.

[superg1] 27/6/2014 19:23

AOTN

It's simply down to IOF not paying any attention to that part of the business.

EG if you look at the US shale maps, the Niobara is highlighted for wet gas and the ID point is all over IOF acreage.

It's on the shale maps and in presentations the round blob in north central Montana.

IOF sit over a number of plays.

The sawtooth, Niobara, three forks, Alberta bakken (small part), white speckled something or other, Nisku and lower lower Duperow.

£ forks we all know and it hit the headlines about a year ago, the Nisku and Lower Duperow interest is now growing. Then there is the Helium below the lower Duperow.

All levels which IOF have virtually ignored for now, but others around them are starting to explore them.

Che

I'm with you on that one, and I think there is a point many overlook.

400 mt is the target which seems to cover the use by the chem div. However the chem div had the inventory and a lot of the 400 mt comes H2 which means a surplus, and should mean raw iodine sales to add to chem div revenue.

EG The chem div doesn't need 40mt per month as produced in May, they need around 30mt.

But then recycling still continues at the chem div. The last figure we heard of was 5 mt per month on average, and this does not from part of the production figures.

If that's all about right the chem div current needs around 25mt per month from the production side.

40mt per month average, leaves $600k worth of iodine to sell each month using the $40 per kg figure.

It soon adds up. Once io5 and 6 are up to speed and maybe that 700mt figure hit, then it becomes a lot higher.

$10 per kg price rise is an extra $7m to add to the pot. Hence I keep a close eye on what Chile are up to. Price rises will have to come imo if the production drop figures are anywhere near right. Q1 2015 imo will be the main catalyst imo, any significant price move before then would mean serious supply issues for early 2015, as H1 tends to be the iodine world busy period.

[rogerbridge] 27/6/2014 16:14

VLS takeover of Pinto Energy is interesting. Pinto is looking at GTL projects across the USA,including North Dakota.
North Dakota Industrial Commission changed its regulations on gas flaring on 1st June.


Years in the Making- The time is Now - VLS
Wes1 - 14 Jun 2014 - 10:14:16 - 743 of 884
As North American Flaring Rises, Proposed Gas Conversion Projects Double
June 11, 2014

Planned projects to convert natural gas into fuels, intermediate chemicals and fertilizers have doubled in just 12 months, according to presentations from the Gas-to-Liquids (GTL) North America conference held last week in Houston.

Energy researcher Zeus Intelligence, a unit of Hart Energy, surveyed 24 gas-conversion projects in the U.S. and Canada in 2013. This year Zeus identified 47 projects. Four developed by Nucor, Oberon, Primus Energy and Celanese are already producing hot-briquetted iron, dimethyl ether, gasoline and methanol, respectively.

"Flaring is a symptom of a market ballooning with natural gas," said Chris Cothran, lead gas-conversion analyst at Zeus Intelligence. "We're seeing the benefits of cheap natural gas across many industries.

"Effective June 1, North Dakota's Industrial Commission changed its regulations," he noted. Now oil producers must submit plans to capture gas when filing permits for new oil wells. Due to limited takeaway infrastructure, roughly 270 million cubic feet of associated gas is flared daily in North Dakota, mostly from oil wells in the Bakken shale. Regulators want producers to fund more pipelines and/or process plants to convert gas into marketable products.

Flares already in operation are attracting greater scrutiny, too. On July 1, North Dakota's Industrial Commission is expected to announce new flaring rules. The state's goal is to reduce flare gas from roughly 25 percent of total production to less than 10 percent by 2020.

[sandbag] 27/6/2014 15:32

Gas is plentiful in the US at the moment, hence cheap. Drilling for oil is more profitable and many companies changed their targets in the last couple of years from gas to oil.

[angel of the north] 27/6/2014 15:27

There is a lot to read about Natural Gas on the IOF website and I know we have leases for Gas in the Atlantis field. however, nothing is said about this valuable commodity and no mention of any extraction/processing attempts anywhere. Does anyone think that Gas could be a profitable enterprise for IOF? So much on the website but cloaked in silence. Just 'musing' or am I being a little stupid somewhere here?

[jbe81] 27/6/2014 14:50

Superg, have been keeping an eye on obt, you are already doing well there, how quickly do you see things progressing?
Am currently back in AAZ, which has done very well for me in the last 2 weeks, and with the AGM next week and 2nd quarter results a couple of weeks away(which should confirm they are back on track, so am hoping for a pull back in obt short-term !

[freshvoice] 27/6/2014 13:08

Best guess with ups and downs is 38-40mt for June when announced next week, making 100 for the quarter. This would leave the second half to make up for the numpties first quarter disaster and then exceed 400mt for the year.

I don't think Lance will have a problem meeting that even without the mobiles which now look as though they will be q4 at earliest.

[bocker01] 27/6/2014 11:48

Even if IO5 is not hooked up, there should be a date now from the utilities company to say when it will be. IO6 should be undergoing commissioning or a date scheduled as to when it will be. The RNS is most likely to comment that both will be operational sometime in July, the open question perhaps being as to when not if.

[bobsworth] 27/6/2014 10:40

Worth a mention!

Short Interest in Sociedad Quimica y Minera de Chile Grows By 39.9% (SQM)
Posted by Pezhman Azimi on Jun 27th, 2014

Sociedad Quimica y Minera de Chile (NYSE:SQM) saw a large increase in short interest during the month of May. As of May 30th, there was short interest totalling 2,064,161 shares, an increase of 39.9% from the May 15th total of 1,475,741 shares

A number of analysts have recently weighed in on SQM shares. Analysts at Credit Suisse downgraded shares of Sociedad Quimica y Minera de Chile from a "neutral" rating to an "underperform" rating in a research note on Wednesday, May 14th. They now have a $27.00 price target on the stock, down previously from $34.00 and a 52 week high of $40.96

[joestalin] 27/6/2014 10:35

If there are positive noises about IO5 in the next monthly update, which should be out next week, I believe we will not see 50p ever again.
I topsliced my IAE this morning and topped up on IOF. I think there could be a scramble for them next week.

[che7win] 27/6/2014 10:06

I find the valuation here attractive.

I'm not that interested in June figures, as long as they are within 20% of last months.

My mind is on next year.
2014 is a year to build out infrastructure, we know the targets they are working too, but I regard this as a year to consolidate, take stock of things and plan consistent, measurable and realistic growth going forward.

Next year, according to AGM feedback, we are looking for 150% growth to 1000 MT.

IOF are doing all the right things, squeezing operational efficiencies which should get us to around $20 opex on plants or so by year end.

Assuming iodine recovers to $50, we should be able to extract $30 gross margins and let the chemical division largely cover admin expenses.

Rough calculation on 1000mt and $30 margin is $30,000,000 profit or £17.5m which means 13.5p EPS (no tax).

P/E of 15 also likely once market sees the growth materialise.

If I were SQM, I would think the best thing they could do this year is a bit of stake building in IOF.

[superg1] 27/6/2014 10:00

AGM

io5 they said, "about a month".

As spike said that is controlled by the electric company, IE as and when they complete the link up of power to the io5 area.

It was said the surveys are all complete, so it was down to execution of power lines to the site.

Depends how busy the power company are at any particular time I suppose.

So io5 will be ready to go when the power is connected, when it will be actually completed is a guess.

I think it was io5 that they said they had no start up issues with, it's already had some running on the generator so once the power is there, they can crack on it seems.

[engelo] 27/6/2014 09:55

Looks like I05/i06 news will be incorporated into the jUne production figs RNS, maybe next Friday.

[spike_1] 27/6/2014 09:37

The timing of IO5 getting power is beyond our control, so no chicken counting 'till it actually happens.

At least IO6 is more under our control, although still dependent on successfully tying into the brine supply.

They will both happen, but don't forget we are on 'Iofina time' here.

Best wishes - Mike