Iofina Share Discussion Threads

[the librarian] 13/6/2013 21:04

Think it's all changed matrix? It's a bit surreal (and sad) not to see Lance's name up there hxxp://www.iofina.com/about/management-team

[matrixtrader] 13/6/2013 21:01

Forest is the ceo and president of Iofina Resources! they are looking for a Group Ceo i iwould have thought which was Lances role. Forest Dorn has always had that role :)

[the librarian] 13/6/2013 20:57

Well Rugrat, enjoyed reading the prilling process (strangely!)

Wonder if they have made a mistake :-) re: Forest Dorn?

[rugrat2] 13/6/2013 20:50

Forest Dorn, President and CEO

[the librarian] 13/6/2013 20:22

That made me laugh Angel (the last line), don't blame you for thinking along the de-ramper lines, we are all defensive on the IOF thread, but thanks to superg and many others, all of the downside has been explored that we can possibly be aware of.

Must say with GDL, I was wondering why they started talking about India at that time and the reasoning behind that ... I think the answer is obvious but won't explain it here... hope the PI's don't lose money.

[rugrat2] 13/6/2013 20:17

Nice find pcjoe. Had a look at the full agenda and found this on day 1.

RE-USING PRODUCED WATER
1.45 Exploring The Viability Of Monetizing Produced Water By Re-Using It In Hydraulic Fracturing
• Assessing the costs of recycling produced water for frac jobs as a viable alternative to paying for disposal
• Evaluating whether the costs saved by not having to source fresh water for the frac outweigh the costs of disposal
• Investigating the impact re-using produced water has on the reservoir rock to prevent negative impact on production rates
• Exploring how to treat produced water to allow for use in fracs with minimum damage to the reservoir
• Comparing experiences between fresh and recycled water fracs to corroborate or refute re-using produced water as an economical technique
• Generate revenue to reduce disposal and water treatment costs by extracting iodine from brine streams
John Dees, Reservoir/Production Engineer, Reeder Energy
Forest Dorn, President & CEO, Iofina


It looks to be a very interesting program – no doubt the papers won't be available online unfortunately. Rather surprised that Sandridge and MidStates are not featured in the programme.

A couple more well permits for MidStates close to the Lohmann SWD – most likely site for IO#3 IMO.

I came across the following link for prilling towers technology earlier, ref the discussion a week or two back:

hxxp://www.niroinc.com/food_chemical/prilling_encapsulation.asp

[madchick] 13/6/2013 20:00

If (a big IF) the new CEO is in the wings but not yet ready to be announced, is there any chance that he/she could be hanging around at the AGM? This happened at SXX, if I recall correctly. I wouldn't recognise any potential candidates, so I will be no use at the AGM, but maybe others are more educated on this front and can help! I rate this possibility as very low though.

I also wondered if it would be internal appointment and so the real search could be for another BoD appointment, for instance. Anyway, it will be interesting. Will they find anyone at the low salaries they offer though?! Will they make more than one appointment given the increasing workload - I don't think it would be unreasonable, or maybe they will promote from within. Lots of possibilities!

[superg1] 13/6/2013 19:38

Report 6th June 2013

'Desalinated water demand from Chile's mining industry set to explode, experts say

The demand from Chile's mining industry for desalinated water production is set to increase at least 400% over the next four or five years.


'experts say', if they are experts why didn't they say that over 1 year ago like us 'mug punters' here.

[pcjoe] 13/6/2013 19:16

I would be very surprised if Iofinas name didn`t come up at this forthcoming event - Iof have likely got contracts with several of the companies whose Reps will be speaking here -

hxxp://www.shalemarkets.com/june-26-27-2013-mississippi-lime-production-produced-water-congress-2013/

[gadolinium] 13/6/2013 18:39

Just for information. This link provides gives an excellent moving diagram of the iodine blow out process, I could watch it for hours!

The presence of a blow out tower on the IO#1 site (see Rugrats post 1383) rather suggests that Iosorb is a modified blowout process, presumably avoiding the use of chlorine or other obnoxious chemicals.

hxxp://www.gasukai.co.jp/english/iodine/swf/iodineE.swf

Edit: double posted on the old thread by error.

[the librarian] 13/6/2013 17:55

Scrutable, I had a little bet this morning that you would be on later complaining about the shortcomings of the SB companies (it can be verified, I sent a text to someone :-)).

Do you think they are trying to tell you something? Don't take it so personally, it's 'computer says no' and off you go! I do admire you for trading so close to the mark.... but not for me!

I have my next buying point sorted and will not waiver from that, you should look at the positives and consider yourself lucky if you can get another s/b in with spreadex or IG, they do look after you really because you are a better customer than the rest of us who keep the high margins.

[jointer13] 13/6/2013 17:52

sg post 1854 lol...the lucky sod

[joeblogg2] 13/6/2013 17:45

Thks super. One of the things scrutable said to me when I met him at the presentation and you have again is look at companies making money and I agree ITM has been for the past few years jam tomorrow but hopefully this year it will be delivered.

[superg1] 13/6/2013 17:15

Joe.

I think DeltaR knows that one well, so it may be worth asking him. It's been on my list for a long time, but I never get chance to look. I must find the time

That rns the other day re big guns sniffing around to me, seemed to be a climb signal to me, considering the share was sitting on a bottom trend line.

I couldn't understand why the mm's opened with it flat, so traded it that day for a quick profit. I rarely trade and never have with IOF.

I wish I would short, as they did the same the following day re Dialight.

My thought process is very basic. Solid evidence, or a belief that the company look set to change to big profits with the share price not currently reflecting that. The transition needs to be within a 12/18 month timeframe for me.

The revenue driver needs to have a worldwide capability of use etc etc, to reduce risk.

I never invested in the boom. It seems back then everyone was throwing cash into hype shares that were unlikely to make profit in 5 to 10 years, never mind 12 months.

There is some fantastic tech around, but it's a long road in many cases to profit.

That's why I did't like the look of Nano some weeks back when it was mentioned here. It came up again more recently and I still don't like from an investment view. Great tech, great contract, but talk of a facility in 2014, then commercial production into 2015. The end user then has to trial it out in Tv's screens and other applications, go through test processes, and the usual changes and niggles that happen with all new tech. So 2016 for me when they could actually get decent returns.

With the royalty rate so high, and predicted returns so high, it seems the $42 bill Dow would have done better buying them. Why didn't they, it doesn't make sense.

Not picking on Nano, it just happens to be the last one I looked at. Logic to me is that it is a Jam tomorrow share and was over-priced.

[superg1] 13/6/2013 16:54

Pj

I will answer briefly on the tips thread

[joeblogg2] 13/6/2013 16:27

super. I have some ITM and hoping it will do quite nicely over the coming months. Please have a look if you have time as possibly they have just had approval from California state for one of their Hfuel system which could be rns soon. thks

[superg1] 13/6/2013 16:23

Oh just for the record. I note he hasn't posted yet (I think) but he won't mind me saying it. I had 'cursing' email Tuesday night from a PI who hit the wrong button on his account, and ending up selling a decent chunk in iof.

Then the moaning about probably having to buy them back at a higher price. I bet he isn't cursing his luck now.

[pjrobins] 13/6/2013 16:23

Superg1 sorry o/t i will only ask you this once. What are your thoughts on GDL?.

I am not a holders however i would like to know your views on it. A couple of sentances will do

[superg1] 13/6/2013 16:19

On the CEO front. I hear they are looking for someone dynamic and a top performer to take IOF to the next level.

IOF know the PI's here well, and it's true to say they couldn't advertise for a CEO before rns'ing.

They tried that with the COO and look what happened, you guys found the advert.

It's hard to tell if they have someone in mind, but Lance, Chris and co have covered a lot of ground in top positions, they know a lot of very capable people.

However Lance has worn a lot of hats over the last few years, and has done an incredible amount of work, the work of many of the employee's they now have.

[superg1] 13/6/2013 16:12

Scruts you will have to sit in the naughty share soon, after all the talk about protection of positions and stop losses. 3 times it's happened. :-)

I was so worried today I went out to play golf ignoring my positions, such confidence comes through solid research, the market down turn didn't phase me either.

I've faired better scrut over those 18 months by protecting positions, by not trading, or chasing other shares.

I voiced my opinion on one or two mentioned over a few months, and they took a dive as expected (to me).

There was a crazy one recently by a guy that says he doesn't do jam tomorrow high risk, and appears to have backed on of those. Then also does plenty of 'buy now you'll miss out posts'.. I suspect those posts are for personal gain to trade.

I very rarely trade, but did one the other day on ITM, I thought with no move on news the market got it wrong.

I didn't post saying 'hey guys, I bought this, have a look it will go up'. I knew I was there to trade, and all that may have done is create buys while I got out. Those actions do not sit well with my conscience. Others don't seem to give damn, and actively pursue that method.

Some times I see a low-baller for some shares and say get out. Then of course I'm called a shorting crook, out to secure my trade.

You can't win on these BB's, best to sit back and just let it happen.

You can lead a horse to water................

[noli] 13/6/2013 16:11

I am not sure a share buy back is the best option, only because it will be difficult for any institution to buy any shares in numbers which may put some off buying iof shares.

It can be difficult to buy a decent amount as some buyers have mentioned.

[alwilliamson] 13/6/2013 16:03

When I spoke to Jeff, he said his preferred option was for a divi if we get to the point of having surplus cash. But the rest of the board didn't all share his view. I understood from Jeff, and I believe he was implying Lance, that others would be in favour of buying back shares initially. It was followed by a conversation as to how much they all hated dilution etc.. I think the answer is probably no decision will have been made although the BOD will certainly have been shooting the breeze with each other about this.I for one would like to initially see share buy back as this would be the most efficient way for us to increase our stakes in a growing company and only look to divis when the growth has slowed. But only my opinion..

[n3tleylucas] 13/6/2013 15:53

Anyway, let's watch the tennis.