Web Site : http://www.iofina.com/

11th April 2008 Note on IOF : Link to web folder click here

Iofina is the holding company of a group of companies involved in the exploration and production of iodine and natural gas which have been discovered on acreages which the Group acquired, or is currently acquiring, in the state of Montana, USA. The Company has named its discovery the Atlantis Prospect. The natural gas co-exists with formation water containing relatively high levels of dissolved iodide. Iodine is a rare element, which the US currently imports to meet growing domestic demand from pharmaceutical and industrial manufacturers. The leases held by the Group give it the right to explore, drill and produce both iodine and natural gas. The Directors believe that the dual revenue streams of iodine and gas, together with the relatively low cost extraction process, will create an attractive business model with substantial strategic value.

Iofina was incorporated on 15 March 2005 in the UK and registered in England and Wales. In January 2006 the Group acquired the entire issued share capital of Iofina Inc. and its wholly owned subsidiary Iofina Natural Gas Inc., each of which is a Colorado corporation, with the objective of becoming a low cost producer of iodine and natural gas. Iofina Chemical Inc., a Colorado corporation, was created as the specialty chemical division of Iofina Inc. in May 2006. The Groups Atlantis Prospect is located between two of the most significant biogenic gas fields in North America, which have so far produced a total of 6.5 Tcf, valued at over US$50 billion at current prices. Since its incorporation the Group has steadily acquired over 30,000 net acre land position in northern Montana, on which a major aquifer containing natural gas has been discovered in the Eagle and Virgelle formations, sedimentary formations of Cretaceous age lying at depths of 1,000 to 1,500 ft below the surface. This unconventional, shallow natural gas resource can only be produced in conjunction with large volumes of formation water, and consequently the industry has previously struggled to commercialise gas discoveries in the area. The formation water is an unusual sodium chloride brine with high concentrations of iodide but relatively low levels of dissolved salts (approximately 6,500 mg/L), and has no contaminants or hydrocarbons other than methane, thereby reducing processing costs. Iofina intends to produce gas along with water, but to also extract the high levels of iodine which the formation water contains.

In addition to its acreage position, the Group currently owns four pilot wells, an iodine processing facility building and the Iofina Express #1 pipeline which ultimately connects into the TransCanada Pipeline, a major transcontinental gas pipeline serving markets in the north-eastern United States.

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http://www.investegate.co.uk/Article.aspx?id=200805090700590463U

Iofina PLC
09 May 2008

Iofina plc

('Iofina' or 'the Company')

Placing and Admission to AIM



Iofina today announces the admission ('Admission') of its ordinary shares to
trading on the London Stock Exchange's AIM Market ('AIM') under the ticker: IOF.

The Company has raised over 15.1 million in a placing of ordinary shares of 1
pence ('Ordinary Shares') at a placing price of 55 pence per ordinary share
('Placing Price'). The market capitalisation of the Company at the Placing Price is approximately 51.6 million.

Highlights

- Iofina is involved in the exploration and production of both iodine
and natural gas which have been discovered on acreages which the Group has
acquired, and is currently acquiring, which the Company has named the Atlantis
Prospect. The Atlantis Prospect is located in the state of Montana, USA.

- The presence of both iodine and natural gas allows the Group to
generate dual revenue streams over a single cost structure. The dual revenue
approach has worked successfully in the Mobara field in Japan which has been
producing iodine and natural gas for over the past 50 years

- Iodine is a rare element which has resulted in the US and Western
Europe becoming major net importers to meet growing demands from pharmaceutical
and industrial manufacturers.

- The Company plans to market its iodine to the largest commercial
customers in the US and Europe including the pharmaceutical industry and the
dairy industry. Uses include pharmaceutical manufacturing, LCD screen
manufacturing, medical X-ray contrast media, human and animal consumption,
pesticides and biocides.

- The Group's proprietary Wellhead Extraction Technology(TM) (WET(TM))
method will allow low cost production metrics and high operational efficiencies
compared to other large gas/iodine fields in Mobara, Japan and Oklahoma, USA.

- The Directors believe that Iofina's low cost development strategy and its dual revenue streams are expected to provide both excellent margins and
reduced revenue volatility since the two product streams relate to separate
unrelated market conditions.

The Group intends to become a leading global iodine producer and the largest
single producer of iodine in North America within five years.

http://www.smallcapnews.co.uk/article/Iofina_pulls_of_AIM_IPO_cash_raising_despite_marke/4999.aspx


Iofina pulls of AIM IPO cash raising despite market conditions

US natural resources explorer Iofina cast aside concerns over depressed IPO conditions today and pulled off a simultaneous AIM listing and fundraising of 15.1 million.

The move comes at a time when many companies are putting off plans to raise money as investors shy away from junior stocks.

Iofina raised the cash by placing ordinary shares of 1 pence at a placing price of 55 pence per ordinary share. That gives the company a market capitalisation of around 51.6 million.

Iofina is involved in the exploration and production of both iodine and natural gas which have been discovered on acreages which the group is in the process of buying up in the US state of Montana.

The presence of both iodine and natural gas allows the group to generate dual revenue streams over a single cost structure.

Strand Partners Ltd is nominated adviser to the company and Mirabaud Securities Ltd is broker.

Friday, May 09, 2008

PapalPower if you can, what made you think that this company is worth your interest?

Its different, which makes it attractive in that its something new to learn about. I have no position here, just observing and looking at the moment.

From uk-analyst.com market wrap :


Iofina (IOF), a company set to extract and produce natural gas and iodine made its AIM debut and surged from 55p to 70p. The company has net cash of 15 million and aims to be cash generative within months

Also mentioned in today's Times:

"Iofina, Americas only independent producer of iodine, which can be used in nonozone depleting aerosols, gained 15p from its 55p float price on its first day of AIM trading."

11th April 2008 Note on IOF : Link to web folder click here

Sunday Telegraph tip:

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/05/18/cxquest118.xml

Iofina
66.5p
Questor says Buy

When it comes to the commodities boom, most of the attention is focused on metals, but a new entrant to the Aim junior market is shining a light on a somewhat different element: iodine. This is used in LCD displays, cosmetics, X-rays, sanitisers, photography, pharmaceuticals and a host of other applications. Demand is running at 27,000 metric tonnes a year and growing at 1,500 tonnes annually.

Yet the element is relatively rare, being found mostly in Chile and Japan, and the price has shot up - to around $28 a kilo - along with those of other commodities. It can be found in and extracted by electrolysis from the brine water that often occurs alongside natural gas fields. Iofina has just raised around $30m through its flotation, which will fund development of a 50,000-acre project in the American state of Montana. The company claims to have developed technology that will make it the lowest-cost producer of the element.

The project, which is due to come on line later this year, aims to produce 1,500 tonnes of iodine a year - which is a decent chunk of overall global demand - and it will eventually move towards manufacturing iodine derivatives itself to gain access to a market worth around $3bn a year.

As a start-up project, the company is certainly a risk, but the share offer was five times oversubscribed.

So for investors looking for a novel play on the commodities boom, Iofina is certainly worth a look. Buy.

Rising nicely today.

Off again today.

And again............

And a lovely rise today too :)

http://www.proactiveinvestors.co.uk/articles/art.php?IOF

Gas, but with a twist

By Stuart Watson

Article Date: 22-06-2008

Iofina is developing the Atlantis Project in northern Montana. As well as substantial amounts of gas, the area could also produce 4% of the worlds iodine supply.

Iofina is developing the Atlantis Project in northern Montana. As well as substantial amounts of gas, the area could also produce 4% of the worlds iodine supply.

Iofina is one of AIMs latest entrants. It was incorporated in 2005 and floated in May raising 15m in the process. Its key asset, the Atlantis Project, covers some 40,000 acres in Northern Montana and is placed between two large gas fields, Southeast Alberta Milk River and the marvellously named Bear Paw Uplift. Between them these two fields have produced over 6.5 trillion cubic feet of gas.

Some 200 wells have been sunk in the area covered by the Atlantis Project in the past but the large levels of accompanying water made th................................

Recent article, click HERE

IOF IOFINA TOMMOROW, highly speculative stock but looks like its hit a 3 year bottom and bouncing off it.

Looking for a blue day here.

Here we go now in the blue.

shorters closing, here is the latest stock on loan chart figures.......

http://dataexplorers.com/includes/php_proxy.php?Source=SF&Version=1.0&Days=90&Field=Quantity&IdType=ANY&IdValue=iof&ChartType=Line&ChartStyle=Default&ChartTemplate=TwilightTemp2&Width=300&Height=200&Url=https://api.dxopen.com/DxlApi/Chart.aspx

Looks to have been a lot close out during July.

Going up nicely.

A bit of history to go on.

Iofina celebrates second deal

By Neil Hume and Bryce Elder

Published: April 15 2010 03:00 | Last updated: April 15 2010 03:00

Iofina rose 27.5 per cent to 42p yesterday on news of a second iodine deal.

The Aim-listed company has developed low-cost drilling technology that extracts iodine, which is used in medicine and the chemicals industry, from brine at the wellhead.

Its latest contract is with Nasdaq-listed Warren Resources in California and, according to broker Mirabaud Securities, should produce 120 tonnes of raw iodine per year. "Iofina's second third-party brine deal provides evidence of repeatability, and as new deals are added, the stock should gradually migrate into an earnings and cash-flow story," the broker said, reiterating its "buy" rating and 85p target price.

A bit of history....

Iofina celebrates second deal

By Neil Hume and Bryce Elder

Published: April 15 2010 03:00 | Last updated: April 15 2010 03:00

Iofina rose 27.5 per cent to 42p yesterday on news of a second iodine deal.

The Aim-listed company has developed low-cost drilling technology that extracts iodine, which is used in medicine and the chemicals industry, from brine at the wellhead.

Its latest contract is with Nasdaq-listed Warren Resources in California and, according to broker Mirabaud Securities, should produce 120 tonnes of raw iodine per year. "Iofina's second third-party brine deal provides evidence of repeatability, and as new deals are added, the stock should gradually migrate into an earnings and cash-flow story," the broker said, reiterating its "buy" rating and 85p target price.

Missed this from FairFax Brokers............

Iofina (LSE:IOF)31/08/2010 Fourth third party contract signed

Iofina has signed its fourth and largest third party iodine collection agreement since March this year that is expected to increase potential brine streams from 41,500bpd to 62,500bpd. Current production on line stands at 12,000bpd yielding 33-38mt of raw iodine annually.
The agreement has the potential to more than double the production base with a staged development process of up to four WET Pod units each capable of handling 6,500bpd delivering iodine of 123-143tonnes.
The new site currently disposes of around 21,000bpd of brine water containing 140ppm of iodine, significantly more than Atlantis at circa 65ppm. Initially a single pod will be deployed follwed up by a second after 30 days and the final two 30 days later. The first two units could together yield 76-88tonnes and bringing in the other two could add a further 47-54tonnes annually.

Conclusion: This latest deal should boost the companys production base substantially and could help give it further momentum to broaden its production base and allow it to further evolve and grow. Significant contracts like this are major successes for the company and should others follow the step change in earnings and revenue can add substantial value. The company continues to push on a number of fronts to secure more brine stream treatment opportunities that it has identified.

http://www.proactiveinvestors.co.uk/columns/fairfax-i-s/3310/fairfax-market-report-including-medusa-mining-discovery-metals-pan-african-and-others-3310.html

Triple bottom on the chart one of the most potent bullish signals a TA chartist could get.

Watch out for technical buyers tomorrow.

The directors of Victoria Oil & Gas (AIM: VOG), Iofina (AIM: IOF) and Sound Oil (AIM: SOU) will be presenting: Thursday the 25th August 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/119

This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com

Future looking good for this one.

http://www.thisismoney.co.uk/money/markets/article-2137335/SMALL-CAPS-FOCUS-New-site-acquisition-mappable-events-Iofina.html

http://www.proactiveinvestors.co.uk/companies/news/43318/iofina-raises-43-mln-to-support-scaling-up-of-iodine-production-43318.html

Been ticking up gently for a few weeks and now threatening to breakout. Great potential. I'm in this one for the long term, but dyor etc.

Starting to motor again following today's news.

Some big news brewing here, broke through the 46p resistance yesterday and full steam ahead again today.

Heading towards the 60s now - still time to get on board before 17th September re. RNS out this morning.

Investec raised target price from 64p tp 70p following the RNS this morning.

http://www.lse.co.uk/FinanceNews.asp?ArticleCode=w4r3plf2f0j3rsw&ArticleHeadline=RESEARCH_ALERTInvestec_raises_Iofina_target_price

Shares in short supply now - next stop 70p imo,dyor etc.

Up another 5p this morning. Presentations tomorrow - and then this could get really interesting. Investec's target of 70p beginning to look very modest.

Healthy retrace this morning, small tree shake, but not many sellers around - despite the best efforts of a shorter nutter on another bulletin board. Ended the day a very small plus after a steady stream of buys from around 10.30am. Which suggests that existing holders are not going to sell and some, like myself, are going to top-up on any small dips. A lot of mileage in this. Ride the winners, dump the losers, as they say in the share business.

http://www.advfn.com/newspaper/azeez-mustapha/10713/iofina-plc-buy

Having another go at breaking through 70p again.

Investec's target of 70p didn't take long to reach and predictions of this reaching 90p by the end of the year are now looking distinctly feasible. Long term hold imo.

Article just released from proactiveinvestor.co.uk


The 278% rise in the Iofina (LON:IOF) share price over the last year suggests the market has well and truly caught onto the company’s potential.

But if chief executive Lance Baller and his team can deliver on some fairly ambitious targets, then the current valuation starts to look a little conservative.

Iofina would probably reside among the specialty chemicals companies, though what it actually does is unique.

Using its trademarked IOsorb system it extracts iodine from the waste brine created by oil and gas companies in North America.

The plan is to roll out a number of plants across the major fields including Texas, California and Oklahoma.

Its first of these plants, IO#1, in Texas, is capable of processing 30,000 barrels of brine a day, and got underway in August. However, the maximum the site operator can produce is 20,000 barrels per day.

It will be the first of six opened between now and the end of next year, and is the bench-test that shows IOsorb works and can be done on a commercial scale.

The second, IO#2 in Oklahoma, a retrofit of an existing facility, is capable of handling 30,000 barrels.

It will provide the market with definitive evidence that this latter day feat of alchemy is not only economically viable, but significantly cash generative.

The plan thereafter is to build a new plant per quarter. And with tie-ups with some of the significant shale oil and gas producers (companies such as Chesapeake, Devon and Mid-States, broker Investec reveals), this is eminently achievable.

Iofina is well financed following May’s £4.3 million share placing at 37.5 pence, which was taken up by just two cornerstone investors, Legal & General and Stena.

“We were originally hoping to use debt on certain things,” reveals CEO Baller.

“But debt is difficult to do unless the whole business is making money.”

The oil industry provides a good yardstick as to just how potentially cash generative these plants are.

A traditional oil well drilled by any of the trio mentioned earlier will reach payback in around four years.

By contrast IO#1 will do that in half the time, while IO#2 will achieve this crucial landmark “in a matter of months”, says the Iofina CEO.

“Any time in oil and gas business you have less than a 24 month payback you are onto good thing,” he adds.

According to Investec, the first two plants will produce around 230 metric tonnes of iodine a year, while Baller thinks the figure may be closer to 300 metric tonnes.

Either way it will barely make a dent on the world supply of the chemical, which is used in the pharmaceuticals, electronics and contrast media.

Even at the lower figure, the pair are capable of generating just shy of US$1 million a month at US$50 per kilogram of iodine, the City broker estimates.

The current spot price is $70 plus and the fundamentals for the market look good.

“The Chileans are reluctant to bring on new supplies due to water challenges, energy constraints, and the high amount of capex required,” says Baller.

“When you are teetering on the verge of a recession miners are a little more cautious about committing. Pricing looks like it is going to be robust.”

Investec reckons the company will generate revenues of £18.4 million and pre-tax profits of £4.1 million in 2013, with sales rising to almost £26 million in 2014, giving profits of more than £10 million.

Currently a total of 32,000 metric tons of iodine are produced each year, with the market predicted to grow at a rate of 6-10% annually.

This means that up to 3,200 metric tonnes of iodine will be needed just to meet demand. And this isn’t happening.

New production is costly to bring on stream, and the market leaders, Sociedad Quimica y Minera (SQM) of Chile, and the three Japanese groups, Sumito, Mitsubishi and Toyota, are probably happy to see the price drift higher.

Although Iofina’s output will initially be very modest by world standards, it has the ability to ramp up very quickly and far more cheaply than its rivals.

Where it might cost one of the existing miners between US$70 and US$120 million in capex to bring an extra 1,000 metric tonnes of iodine into the market, the outlay for Iofina to make the same leap might be closer to US$20 million, CEO Baller reckons.

The costs of producing iodine using the IOsorb technology are very competitive at between “mid-teens” dollars per kilo and “mid-30s”, depending on where it is being produced.

And as the number of plants ramps up so the costs are expected to fall to some of the best in the industry.

Baller and his team have some very ambitious plans to become a world leader in iodine.

At that level it will have overtaken SQM’s production, which would be a major achievement.

And remember the Chilean group, which is quoted on the NYSE, has a market capitalisation in excess of US$15 billion based mainly around this market leading position in iodine.

Whether Iofina would be allowed to get to this level as an independent company remains to be seen.

“What has always been evident is that any successful company that has been independent outside Chile and Japan has been acquired,” says Baller.

The current share price of 69.75 pence is just short of the Investec target of 70 pence a share.

However in the note initiating coverage of the group, the brokerage provided an “upside target” more than double that initial figure.

“We set our base case generic model conservatively for iodine price and content, particularly,” says analyst Stuart Joyner.

“Therefore the potential upside in the share price to better operating performance is considerable – hence the importance of successful commissioning of the first plants to the performance of the shares.”

Investec target price of 70p always looked way out, double it and it begins to look more realistic - and that's in the short term imo.

http://www.thisismoney.co.uk/money/markets/article-2217977/SMALL-CAPS-FOCUS-High-hopes-Iofina-share-price-rose-300-year.html?ito=feeds-newsxml

Fascinating article on the importance of iodine for anyone who is interested. The article originated in America - where more than one third of the population is obese.

http://www.hotspringsnutritionandnaturalhealingcenter.com/obesity_and_other_ill-effects_from_iodine_deficiencies.html

Share price has just had a short period of consolidation and now looks set to have a go at the next resistance level = 74p - then it's onwards to 83p imo.

doodlebug, this is a solid company and the SP is likely to hit your 83p target soon. Good write up in adv*n

Nearly at that target now, question is how high it will go from here.

doodlebug, good call - £1 before year end?

According to some posters in adv*n, this will be a multibagger in 2013. Doodlebug, looks like we are the only 2 people interested in this stock in MoneyAM!!

UPDATE: Iofina brings second US iodine plant on stream
1:05 pm by Philip WhiterowIofina’s technology extracts iodine from the waste brine created by oil and gas companies.

--adds broker comment--

Broker Investec has raised its price target for Iofina (LON:IOF) following the commissioning of its second Iodine extraction plant.

The new target price of 117p (up from 70p) reflects the de-risking of the rollout and an assumption of $2.86mln of operating cash flow per unit after tax (previously $1.75mln).

The broker also increased its 2013 net income estimate for Iofina from £4.1m to £5m and to £11.6m from £10.2m in 2014.

Iofnia today said that following construction, testing and final hook up, the plant, which is located in Oklahoma and based on Iofina's WET IOsorb technology, had been fully commissioned.

Iofina’s technology extracts iodine from the waste brine created by oil and gas companies. Its plan is to roll out a number of plants across major US oil fields in Texas, California and Oklahoma.

Investec expects a roll out of around 4 units per annum going forward, though it says execution risks remain significant.

Iofina’s expansion plans, as currently envisaged, can be financed internally and without dilution on current cashflow forecasts, said the broker.

The new IO#2 plant will receive its brine input directly from producing wells giving greater certainty as to iodine concentration and higher temperatures, which are typically greater than 40 degrees Celsius.

This also helps yield efficiency for volume throughput, said Iofina.

Investec’s upside case is unchanged at 164p and is contingent on the roll out of up to 16 plants.

The new plant had more automation than the first plant, IO#1, which Iofina said meant it needed more time than expected to program during plant commissioning.

This, along with extreme cold weather conditions and the Christmas period, proved to be challenging, it added and meant commissioning took longer than expected.

The next plant, IO#3, is currently being fabricated with equipment expected early February 2013.

Lance Baller, Iofina’s chief executive and president said: "The board is pleased with the commissioning of the group's second IO#2 iodine extraction plant, which takes Iofina one step closer to becoming a major player in the global iodine market.“

IO#2, which was a retrofit of an existing facility, is larger than IO#1, which is in Texas, and capable of handling 30,000 barrels of brine daily compared to 20,000 barrels per day at the first plant.

Iofina, one of the top performers on AIM last year with a 250% increase, currently today traded at 105.8p, close to its all-time high.


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Iofina (Other OTC: IOFNF - news) : Investec ups target price from 70p to 117p reiterating a buy recommendation.

I feel Investec are conservative with their target - with the roll out of up to 16 plants, the SP will thrash 164p. See adv*n for research and latest news. AIMHO & please DYOR.

Broker targets keep getting demolished!

'Do your own research' quite tricky with Iofina. Market cap is £185mn. If they can achieve operating cash flow after tax of $2.86mn (£1.8mn), then 10 plants will justify the current share price, and 16 would justify a higher price. Of course, we have to keep this in context of them depressing the iodine price if they grow too quickly, I presume? I'm not clear if the plants last for decades, or are shale-field dependent? Is there a big advantage to location? Presumably if the technology works, then one of the big boys will simply scoop up this minnow? Has anyone on this thread met the management? Do you know what their attitude to the business is? Your knowledge and ideas much appreciated.

learning, I'm not allowed to name the bulletin board in question, but I suggest you trawl around the various boards and you will find superg on one of them. There is absolutely not one thing that he doesn't know about this company!

Doodlebug, many thanks, found the thread. Superg quite the man about Iofina. Looks like there's plenty of potential left, although stock likely to see a few days of shake-out after such a fabulous run.

The rise is relentless!

No point in putting a target price on this share any more, it will continue it's upwards journey for years. I wish I had a few more like this and TCG in my portfolio.

waiting for news on the latest IO#3 instalation.

IOF are learning all the time and making improvements to the process.

Well done on these d4 nearly another 9% today.Iofina PLC (IOF:LSE) set a new 52-week high during today's trading session when it reached 206.00. Over this period, the share price is up 366.47%.

Thank you dreamcatcher, I'm doing some top slicing on this today. Never fall in love with a share as the saying goes.

Bit premature for me to take profits just yet.
I am looking to top up, but the dips come and go too fast.

This is long term hold - many in adv*n expect the SP to exceed £10 before end 2014. Some are comparing this to ASC and the story so far is very promising. Got rid of most dogs last December to invest here and currently my top holding.

The potential here is so staggering, even trying to be realistic, that it's impossible in my view to put a target price on this in six months time, never mind before end 2014.

Almost unbelievable!

This is becoming a great share for traders, never mind investors! SP has gone down about 10p in the last hour or so.

can't see any reason for the drop. Could be a good buying oportunity.

StockMarketWire.com

Iofina chief executive, secretary and president Lance Baller is taking a leave of absence for health reasons. .

Baller remains a member of the board and will return to his role once his treatment is completed.

Non-executive chairman Dr. Chris Fay will assume the role of executive chairman. Non-executive Director Stuart Eaton will assume the role of executive operations officer. Jeff Ploen will remain non-executive deputy chairman.

Fay said: "We wish Lance and his family the very best at this difficult time and look forward to welcoming him back, fit and well in due course."

Let's just hope that Lance Baller is okay and he makes a speedy recovery.

Got some earlier after waiting for some time for a good price

Level 2 is strong at bid side 135K v 86K.
Twice this afternoon bid is at 187p and bounce from with an AT, lets see if is a bottom at this stage of up and a bit down

now 186.50 / 187.75 with 7K v 0.4K and almost 10K buys at this price, looks ready to change for the better

A post from..... MrAverage1 .... at iii yesterday

Hello all,

I have been a holder of Iofina for several months, both my friends and family members are shareholders too. Whils’t I wasn’t surprised that wev’e pulled back a little today as nothing goes up in a straight line, like many I was concerned (if only slightly) by the earlier RNS.

To this effect, I have just spoken with Dr Chris Fay (Iofina’s Executive Chairman) re todays notification and asked firstly how Lance is, and going forward what plans/contingencies do the team have in his absence. Chris wouldn’t go into detail about Lance’s condition albeit to say he is currently undergoing tests and he (Chris) would not be surprised at all if Lance returned to IOF shortly. As for forward planning Chris stated that the board have taken care of such matters and have implemented an exceptionally gifted team of young and talented individuals from within the group to undertake tasks and duties that would otherwise be assigned to Lance. The team are overseeing operations, all bases are covered and all plans are on-track he said.

I thanked Chris for his time and his honesty and wished him/ them well. Chris added, that he’d been part of an organisation previous to IOF and grew that company into a company to be worth many many times more than its value from when he first joined it.

That post from MrAverage1 popped up on a couple of BBs yesterday.

Gives it a slight odour IMHO

IOF did not handle this news release well + it was on a bad day for AIM.

Same thing happened when Antonio H-Osorio took stress related sick leave at LLOY xmas 2011. The sp recovered when it was clear that he was coming back, but the worry at the time was that he was leaving a rudderless ship. Clearly Lance Baller is the driving force behind IOF and the worry now is that, in the event that he has long term health problems, there isn't anyone (as competent) in the frame to take his place. Not sure why Activmoto thinks there is a whiff of mishandling here as it all seems pretty straightforward to me. As for MrAverage1 post, it's quite clear that any information released to him by the Board at IOF has to be already in the public domain, so why he thinks they are going to tell him something different or extra is a bit of a surprise.

I personally think the news could have been presented in a better way, a bit clumsy.

For someone to post across the BBs, he is not a regular contributor, the content and the way it is presented made it look like a damage limitation attempt.

Looks like a great buying opportunity right now. imo

At this rate it seems the share price will end on the rise, with order book being much stronger ( double ) on the bid side 141K v 74K

It looks like today is the day for the bounce.
The bounce is from around the 170p support back on mid February

looking better for tomorrow after the late rally last week

here is a link on the environmental issues
http://www.guardian.co.uk/environment/2013/apr/17/why-cant-we-give-up-fossil-fuels

The market is pleased 12p higher with today's update

Iofina plc
Atlantis Water Project Update

Iofina, a specialist in the exploration and production of iodine and specialty chemical iodine derivatives,

is pleased to provide the following update in respect of its Atlantis Water Project.

Based on initial responses from and discussions with the Montana Department of Natural Resource Conservation ("DNRC") Water Resources Office following their receipt of the Company's water right permit application, the Company has elected to amend its water permit application in an effort to expedite its plan to market 10,000 acre-feet per year (c.200,000 barrels per day) of freshwater in eastern Montana.

The possibility of needing to amend the original application was anticipated and envisioned as part of this process and the Company has decided to amend its application to expedite the application process. The Company's revised application is to develop a water depot for 3,800 acre-feet per year based on customers' needs at the current planned location. The Company has secured strategic locations for the first water pumping station and place of sale for its initial terminal and recently submitted an amended application to reflect this. The Company is actively acquiring additional strategically placed sites, based on demand and ease of transportation, for two additional depots that, together with the initial depot, will total over 10,000 acre-feet per year as planned.

After discussing the status of the application with the central Water Resources Office, the Company was informed that the department removed the original application from its website, but has not terminated the original application. The original application remains valid pending receipt of the amended application.

and also date for Y results on 8 days time Tuesday 7 May

Iofina schedules FY results

Iofina, a specialist in the exploration and production of iodine and speciality chemical iodine derivatives, will be publishing its final results for the year to the end of December on 7 May.

Comments at proactive investor

proactive investor / atlantis helps raise iofina

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)



Board Changes



The Board of Iofina has accepted, with regret, the resignation from the Board, on health grounds, of Lance Baller the Group CEO and Company Secretary. As a result, the resolution to re-elect him as a Director of the Group will be withdrawn from the agenda at the Annual General Meeting ("AGM") to be held on 19 June 2013. Mr Baller has been retained as a consultant to the Group with effect from the AGM.


Efforts to recruit a new CEO, who would be joining the group at a very exciting time in the rapid development of the company, are being pursued immediately. Chris Fay will continue to act as Executive Chairman of the Group and, effective from the AGM, Stuart Eaton will revert to his Non-Executive role on the Board. In addition, Mr Simon Holden has been appointed as Company Secretary effective at the conclusion of the AGM.


Commenting on the resignation Chris Fay, Executive Chairman said:



"Lance's efforts, firstly as finance director and latterly as CEO, have been instrumental in the development of the group, not least the realisation of its production activities to the current status of two producing plants and the imminent roll out of many more. His commitment has been of the highest order throughout his tenure. The board is pleased to have secured his services on an on-going basis as a consultant to the group.

"The board extends its sincere best wishes to him and his family in the hope he will soon return to full health."

SP down 26%?

Lots of speculation, but this seems to cover most of the problems:
http://share-knowledge.org.uk/2013/06/23/is-iofina-vulnerable/

A day to buy earlier on, some did

and now is almost 10p higher from the lows of the day

10.50p higher at 178.50p

Bed and breakfast, badly done by the spread

Director's Dealings

Iofina, specialists in the exploration and production of iodine, with vertical integration into specialty chemical iodine derivatives, was informed on 4 July 2013 that on the same day, Stuart Eaton, a Non-Executive Director of the Company, sold 26,500 ordinary shares of 1 penny each ("Ordinary Shares") at an average price of 166 pence per share. Immediately following such sale, Mr Eaton's personal SIPP purchased 26,500 Ordinary Shares at an average price of 172.8 pence per share.

For the avoidance of doubt Mr Eaton's holding in the Company has not changed and he continues to be interested in 1,349,761 Ordinary Shares representing 1.06 per cent. of the Company's issued share capital.

Some good move up this morning after loosing almost all the early gains yesterday


'Iodine ingestion can help fight breast cancer'

http://atlantablackstar.com/2013/07/04/natural-healing-iodine-can-help-cure-breast-cancer/

Well on the way up with 10p higher after bullish comment on the figures

Interim Results 2013
Strongest First Half in Group histor

Iofina, specialists in the exploration and production of iodine, with complete vertical integration into specialty chemical iodine derivatives, is pleased to announce Interim Results for the six months ended 30 June 2013 a period which has seen a continuation of the execution of Iofina's expansion strategy.

The Board expect to complete construction of IO#3, IO#4, IO#5 and IO#6 by year end. With these plants fully operational, it is estimated that the annualised production rate will be between c.700-c.1000 metric tonnes of crystallized iodine which would see Iofina become one of the lowest cost and largest iodine producers in North America, enabled by its patent protected WET® IOsorb™ technology.

FINANCIAL HIGHLIGHTS:
· Strongest first half in Group history;

· Second consecutive period of positive EBITDA;

· Record H1 Revenue of $11,556,468 (H1 2012: $7,667,162), a 51% increase in revenues;

· Like-for-like losses of $124,410, nearly breakeven per share (H1 2012: net loss of $969,935 or ($0.01/share);

· Improved cash balance at 30 June 2013 of $16,189,567 (30 June 2012: $10,388,096);

· Successful Convertible Bond Issue of $15,000,000 in May 2013; and

· Strong outlook for H2 revenues and profits from Iofina Resources as production from existing plants and four new plants come on line.

OPERATIONAL HIGHLIGHTS:

· Strong Management and expanded Operations team in place to deliver growth, including the recent appointments of George Lantz and Gary Gatchell as CEO and FD, respectively;

· Record revenues for the Group through continued strong performance of Iofina Chemical processing both recycled iodine as well as increasingly the Group's own iodine production from Iofina Resources;

· Multiple site contract won with one of the largest oil and gas operators in the US;

· Identification of six (6) additional highly promising iodine rich sites for the 2014 expansion strategy; and

· Detailed engineering report completed and Montana permit application on the non-core Atlantis Water Project has been lodged.

Commenting on the Results, Dr. Chris Fay, Non-Executive Chairman, stated:

''Iofina is now in an excellent position to monetise its proven technology with a total of six IOsorb™ plants in production by the end of 2013 and a further six planned for 2014. Process optimisation at IO#1 and IO#2 continues to produce higher iodine yields and this knowledge and experience will be applied to future plants. The key IOsorb™ patent was issued in Q2 2013, protecting our significant competitive intellectual property. The recruitment of George Lantz and Gary Gatchell as CEO and FD respectively, has added significant experience and leadership to the management team as we now enter what should be a highly exciting period for Iofina shareholders marked by rapid growth as our roll out strategy unfolds."

A higher BREAKOUT as is moving up with the good news

High of 184.25p earlier on, and as usual profit taking since, is holding around the 175p price now, much the same of late this morning at 172 to 178p for a while till it broke up

Not sure what to make of Iofina at the moment.

I have it on my watch list, tempted to get back in, but looking for an entry point.

They are behind on the latest IOsorb plant and new CEO and FD.

Winter on the way which caused a few problems last year.

Taken from ADVN SHARE TIPS FROM INVESTORS CHRONICLE Iofina PLC Thu 03 October 2013 A A A Recommendation type: Speculative Matthew Allan Every once in a while, a game-changing technology comes along that has the potential to revolutionise a market along with the fortunes of the company responsible for developing it. That's exactly the opportunity Iofina (IOF) has: a patented, highly profitable technology to extract iodine from waste water associated with shale oil and gasfields in the US. Iodine has a vast range of uses, ranging from speciality electronics to animal health products and disinfectants, but is conventionally expensive to produce. It currently sells for around $50 a kilogramme, yet Iofina's IOsorb plants can produce it for as little as $10-$20 a kilogramme - about half the cost incurred by competitors mining iodine in Chile. The company has built two plants so far. It has one small trial plant in Texas and a larger, commercial-grade plant in Oklahoma that was commissioned in January 2013. Between them, Iofina made impressive gross profits of $2.5m (�1.6m) in the six months to 30 June 2013 on record revenues of $11.6m. But most importantly Iofina proved that its technology really works. Granted, both plants experienced some initial teething problems. Iofina could not find a reliable enough supply of waste water at the first plant and water had to be trucked in. The second plant is faring much better, though, as it receives waste water directly via pipeline from oil-producing wells owned by a single supplier. This gives greater certainty of supply as well as higher water temperatures, which increase plant efficiency. This will be the model going forward. Unfortunately, a "highly improbable" event occurred in June whereby produced oil was not separated from the waste water. This temporarily hindered the plant's operations, but Iofina's equipment is now back to normal. On the positive side, this demonstrated that the plant is robust enough to withstand a large shock of oil. With new design improvements incorporated, Iofina plans to rapidly ramp up development and roll out dozens of plants across the US. A third plant is on track to be completed by the end of September 2013 and three more are under construction and are expected to be installed by the year-end. A further six plants are expected in 2014. Analysts from Investec estimate each plant adds $20m (10p per share) of value versus a capital cost of just $2-3m.

article on iof

100p support.

96p low of the day, since higher with the little movement down as the order book takes the bid price

Market makes did not like the jam tomorrow outlook 2014


2013 Review and 2014 Outlook

Commenting on today's news, CEO George Lantz, said: "Whilst we expect revenues and EBITDA to be comparable to 2012, 2013 has seen the successful deployment of Iofina's IOsorb technology along with the continued growth of its derivatives business. Taking stock of the iodine production opportunities, increased derivative sales and prilling that are open to Iofina, 2014 signifies an exciting year for the rapidly expanding Group."

Director Dealing

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, were informed today that Chris Fay, Non-Executive Chairman of the Group has today purchased 50,000 ordinary shares at an average price of 101p. Mr Fay now holds 1,300,000 ordinary shares in the Company, representing 1.02 per cent of the Company's issued share capital.

We initiate on Iofina with a Buy recommendation and 156p/share target price. With Iofina's shares trading at recently depressed levels, we
believe this represents an excellent entry point to a business with a unique business model and significant growth potential. In our view the
market has taken an overly cautious view on plant roll-out, iodine price and/or cash margins. Despite a softening of global iodine spot prices,
Iofina's unique business model remains robust and looks to deliver peer-leading returns. We expect to see a re-rating towards our target price
as Iofina delivers on 2014 production and cash flow expectations. Furthermore, we see significant valuation upside (35-45p/share) in the event
Iofina installs a prilling plant, a process that turns crystalline iodine in to pellets, increasing the realised price Iofina can receive for external
sales. With six operational plants in 2014 and a further three under consideration, we expect revenues to grow from $18.8m FY13 to $39.9m
FY14 and $60.4m in FY15. Whilst global supply additions should keep pace with growing global demand, we expect the market to remain well
balanced in the medium term, with a price floor in the mid-40‟s supported by the relatively high cash cost associated with Chilean mined iodine.
Iofina‟s operational costs, including a royalty paid to the upstream operator, are estimated to be $21/kg, compared to Chilean iodine mining
cash operating costs of closer to $35-45/kg. High operational margins support out forecasts of significant near-term free cash flow generation.

Re Buy recommendation. Where did you find this Cyril?

Well i;ve just bought in this am,it's a producer of a wanted product.In the middle of an expansion program,which should yeild a healthy return medium turn.
----------------------------------------------------------------------------------

">

at a crucial point -

sp at 12 month low.

halifax - I don't hold this share. I'm not quite sure what contribution you're trying to make to this bulletin board apart from posting some obvious comments about various share prices, including this one.

doodle is it time to buy?

sp up 3% bottom fishing may pay off.

Share knowledge up beat

sp up 14% @ 90p recovering strongly.

rumours on water rights approval.

Sheer disaster waiting to happen.

Another early morning slip.

tatement from Numis sums it up :-

"We view today's announcement as a positive step in Iofina's evolution, as management focus on maximising returns on both existing and new investments whilst generating positive free-cashflow. Iofina's balance sheet remains robust with sufficient headroom to support the group's operational and capital needs in 2014."

This confirms the feeling I've had about previous management being massively over optimistic with the current CEO and FD struggling to re-introduce normality. The roll out was hugely under estimated as was the cash required. Since they've been there they have had to slow the roll out and cash burn, to get it back to a manageable level.

The operational review buys them some time to get production up and at a consistent level (less down time etc.) and will hopefully make for a more efficient company at year end. Also gives them time to sort out the sales process. I've always been concerned about sales. How they get a customer, manage a big order - they have to commit to delivery and cannot really do this unless they have certainty of production which I'm not sure they have at the moment. With 5-6 plants they should have this so more opportunity to commit and get longer term customers. It's no good just rolling out sites if they are not producing or the product has not been sold.

So I doubt they will need more money now (I hope not anyway), but a long road to recovery imo.

The water permit will produce cash income, it may not be core, but it is important.

Thats another one off 50%.

Iofina output to be materially below market forecasts
StockMarketWire.com
Iofina anticipates that production of crystallised iodine will be around 400 metric tonnes this year - a significant increase over 2013 but materially below current market expectations.

The group says it has recently gained insight into its principal operator's planned fracking scheduling for the next three months. The operator's schedule is expected to significantly reduce the brine supply and as a consequence, plant runtime for IOsorb plants IO#3, IO#4, IO#5 and IO#6 will be affected.

Current indications are that the fracking program will continue through the end of 2014 at levels similar to those projected for the next three months.

Whilst this has a significant impact on current brine supply, the increased drilling is a positive indication of the operator's view to continue expansion, which should bode well for the longer term prospects of the company.

Iofina says plants IO#1 and IO#2 remain profitable are unaffected by fracking schedules and continue to produce iodine as planned.

The group says it has reviewed its production forecasts in light of the above and on the basis that the principal operator's fracking schedule for the three months continues for the remainder of the year, anticipates that production for the current calendar year will be circa 400 metric tonnes of crystallised iodine.

Whilst this is a significant increase over 2013 production, it is materially below current market expectations.

It adds: "In light of this development, steps are being taken to minimise expenses both at corporate and operational level, including curtailing production at IO#5, which is powered by mobile power generation until hard power is installed from the local utility expected in the next 90 days, reduction in staffing to reflect plant down time, reducing production payments to the operator and reviewing mobile plant deployment.

"Such measures are being undertaken to conserve the group's cash position which was $2.3M at the end of March. The company is also working on ways to re-route additional water from the Operator.

"Production for the first quarter was 47 metric tonnes of crystallised iodine and was affected by more fracking than was originally anticipated and extreme winter weather experienced in the location of the plants. Iofina Chemical has enjoyed a good start to the year and has performed ahead of management's expectations."

At 8:27am: (LON:IOF) Iofina PLC share price was -31.75p at 24p

Yesteday it was QPP and today IOF where will it ever end..?

BLNX, BLUR,QPP, IOF - It's a minefield out there at the moment mitzy.

Agree doodle its gone crazy.

Dead cat bounce first thing tomorrow?

re - Dead cat bounce first thing tomorrow?

It has so I bought some at 25.50p, lets see how much is the bounce
took some large profits on another stock, and IOF was a good candidate

the bounce continues now at 28p after 28.75p earlier

Another good start of the day now at 31.50p

Late yesterday ..........

Zak Mir on Iofina, Quindell and coming back from the dead!
Posted on Thursday, April 24, 2014 at 7:44PM

On April 11th I wrote a blog entitled “Back From The Dead” covering a mix of stocks which had come back from the brink, or looked as though they would recovery after taking a pounding… Given that I have been laid low this last few days with a fever and temp of 102f, the title of this blog is thus very apt on all counts!

My selection 2 weeks ago was Quindell (QPP), Iofina (IOF), and Globo (GBO). With the exception of Globo, anybody holding these stocks would likely wish they were six feet under!

I update the theme here with Quindell and Iofina…

Both of these stocks have been veritable private investor favourites over the past year as evidenced by the massive bulletin board commentary on them. Unfortunately, one of my definitions of a private investor favourite means that if you make a negative call on the company you can be quite sure you will either be insulted via social media, or worse, blocked.

The other definition which is key is that most of those investing in such companies do not fully understand just what the business is that they are backing. This point was highlighted to me in a conversation I had in March with a canny young fund manager who gave me a rather downbeat look when I was, I must confess, singing the praises of Quindell (QPP) and its then £2bn market cap. It was the kind of look that you know not to go against, the problem was just the timing as the stock proceeded to climb here. As they say in comedy (another passion of mine, and no not to do with my TA!), “timing is everything!”


Such conundrums are those I thus prefer to answer via charting / technical analysis. Following the “heads up” to keep out of the way, the shares promptly went on to make a new high over 45p! This turned out to be a bull trap double top formation. Keen technical traders might have gone short on a daily or weekly close back below the February 44.6p high, while my preference was to wait for an end of day close back below the 50 day moving average in the 37p zone given the way that the shares had bounced off this feature at the beginning of April. Nevertheless, the message given before the big drop was that if you wanted to play it safe you would only go long of Quindell on an end of day close back above the 10 day moving average then at 39p – as we were in the aftermath of a double top charting sell signal.

As far as the position now is concerned (neck, block!) it can be said that we are looking at a quite typical post rug (no, not my hair!) pulling event situation with the 200 day moving average currently at 22p a pivotal feature. It is also interesting to note the way that on the downside overshoot at the beginning of this week that support came in towards former autumn 2013 resistance on the way up in the 17p region. What we may expect to see now is plenty of gyrating either side of the 200 day line. However, we really need to see a retest of the 17p floor to make for the most ideal entry point and from that zone the stop loss just below 15p would be a strong one, with a decent chance of not being hit in my ‘umble opinion.


Just to give you an idea of how difficult it can be charting these minnows, and perhaps why not everyone might want to get involved with the Wild West (AIM) part of the stock market, we have Iofina (IOF).

Here, the recent rally in the Iodine producer has wilted in a rapid way with the technical explanation being that a bull trap retreat from above the 50 day moving average at 69p was seen as well as a failure at former December support during April.


Given the massive unfilled gap to the downside, in fact the second since December, it would perhaps be safer to suggest that bulls should stand aside on an extended basis. But, for those with risk appetite (masochistic?!), there are a couple of positives to note. The first is the way that there has been a temporary halt in the slide at a line of support from the end of August through 20p. There is also a line of support from January in the RSI window. Both of these could be enough to deliver an intermediate rebound from an extreme oversold position with the RSI under 30. That said, a retest of the logical target – former March support under 50p, does feel like it is ambitious. The stop loss on the bargain hunting argument is as tight as an end of day close below 20p / the 2013 support line.

Good luck all those trading this pair!

going places now 34.50p, the bounce is strong now

note : just noticed the video has paused my typping for a few seconds

2nd best riser of the day so far

LSE % Gainers Top Lists

EPIC - Name -- %

SOU Sound Oil +36%
IOF Iofina +32%
BPC Bahamas +22%

anyone diving into this one might like to contemplate the comment below .....

Just to give you an idea of how difficult it can be charting these minnows, and perhaps why not everyone might want to get involved with the Wild West (AIM) part of the stock market, we have Iofina (IOF).

Here, the recent rally in the Iodine producer has wilted in a rapid way with the technical explanation being that a bull trap retreat from above the 50 day moving average at 69p was seen as well as a failure at former December support during April.


Given the massive unfilled gap to the downside, in fact the second since December, it would perhaps be safer to suggest that bulls should stand aside on an extended basis. But, for those with risk appetite (masochistic?!), there are a couple of positives to note. The first is the way that there has been a temporary halt in the slide at a line of support from the end of August through 20p. There is also a line of support from January in the RSI window. Both of these could be enough to deliver an intermediate rebound from an extreme oversold position with the RSI under 30. That said, a retest of the logical target – former March support under 50p, does feel like it is ambitious. The stop loss on the bargain hunting argument is as tight as an end of day close below 20p / the 2013 support line.

Good luck all those trading

37.50p now

A fool will allways be a fool

and that fool is also a born loser, a stalker following me every where to talk rubish, and a cynic if you have not realised it yet.

what compels you to be so consistently obnoxious?
your response to my posting of a very sensible article from a respected pundit is almost pavlovian in its unwarranted abuse

==============

as an aside, the current L2 book shows bid outnumbering offer 4:1 ..... pays your money, takes your choice

for myself, think i'ld rather hold WMH

Numis, the company's brokers, have reiterated their BUY rating over night.

That's after temporarily pulling it whilst they looked into the situation following the production issue.

Clear confidence post examination there.

Lets put " cynic " were it belongs

were else can you put a cantankerous git

but into the rubbish bin

pavlov would have made you his prize exhibit

No need to bin him panto, he is already there., think just edging off.lol

tomasz

re - cynic - on the bin already

a poster think I am you but that is their problem

I can not believe what kind of people is MAM accomodatin at their thread, but certainly are what some men would say propper bitches.

They look like are wearing the APRON all the time, instead of when cooking (btw favorite past time ) it tells you a lot about not having any of the balls a man must have

and the other STAKER is also about, placing the wrong lines on the CHART, no wonder is losing on the shorts

the line of resistance is at 40p not 39p

Dont bother, panto, this is all they got, shit happends, world is not perfect..lol

tell me more, there are 3 Hienas around and I beat them fair and square like a " Honey badger "

panto - I don't always agree with what you say, or the way you say it, but credit where credit is due. You bought at 25.50p and it's now 38p - good trading. :-)

I beat them fare and square like a " Honey badger "..... PMSL

I made a profit of 67% on CHA yesterday, I am having a profit of 50% on IOF bought yesterday and is talking nonsence about QPP, being 1p down at some stage is now up after 2 days since the buy.

He has to be a pain on the @rse person

I bought earlier a stock, but I will not disclose it till is well up, is moving higher by the way

Shorted ASC +800 points, made +60 pts on the FTSE this week alone, who's bragging though!!

someone bough 1 M now on the stock I said earlier, and is very iliquid as the size was 50K earlier

Panto- post 132, look at the chart and read it again..

39p the green line is the price at the time of the screenshot, my resistance line is just above it... But you'd never in a million years have agreed would you??

Just SHUT UP - Shortie

my comment was about -cynic -

but you are not much better interfering STALKER

Sounds like someones got their knickers in a twist. LMFAO

The chart line is at 39p or you are blind ( green not red )

you have no resistance line or else, as usual just chart but no comment

I only added two lines so thought it was simple enough for you not to need a comment, chart clearly shows DOWNWARDS trend with todays rally trying to test the lower trend line. Wont go into the bottom bit as I haven't the time or patience needed to explain this to you..

shortie - don't waste your breath ...... the guy has certainly picked a couple of winners (+ one dodgy one = QPP), but i'm afraid that does not prevent him being anything but a totally obnoxious specimen

an admittance that you were right - even i could read that chart! - don't be preposterous!

Breaking the 40p resistance of the DOWTREND and moving into 42p

----

I'm just hoping next week will be more eventful on indicies and currencies so I can get back to some real trading... These penny stocks are only good for messing about with when bored as they don't move enough to make any real money and you can't get high stakes on them.

re - the guy has certainly picked a couple of winners

The truth

My decades of trading are not luck on making gains but KNOWLEDGE that others are very envy to have

Shortie a 50% move in a day on this one, what more do you want? Of course if you shorted it Wednesday then you'd be *ucked.

Panto well done on your purchase. Good time now if you haven't already to sell and bung it into CBuy to double your money, its going to rocket next week.

panto - where did i remotely suggest luck? ...... that said, there is always an element of luck with any shares and markets .......

my complaint about you is your total lack of acceptable social attitude, let alone skills and graces

Good job I have no position in this stock yet then...

If I bought equities then a 50% rise would be good, in spread terms though this stock has gained what 10 pts today. In order to make any money I'd have needed a very large bet.

Oh I see, don't touch spread bets myself.

parodia.lol

No worries, I'm not always short either, with markets at highs in general there's been alot of retracement so more recently have been short than long.

This stock I have on a buy watch list. For me it needs to breakout out of the upper trendline so at around 60p I'm looking to get involved if it gets there.

Proper laugh.lol

I don't think it will go higher for a while Shortie. Whilst I thought the fall was overdone wedn today's rise has gone g other way over the top. The co still has had a catalogue of bad news and still has major problems.

Re the Chart, as it dropped through the bottom tramline wouldn't that indicate further falls? Or the fact it's got back into the tram lines today cancels that out? Charts not my cup of tea as all hindsight.

Tomasz don't you mean parobolla? Which is followed by a steep fall. Not really appropriate here for 1 day after an already collapse of a fall in sp

Finishing at 40.375p +12.375p, though the UT was at 40p

share price managing to finish above the lower Tram lines ( downtrend ) that on the 23th went well under that lower line

Short term if holding above the 40p could easily go to 50p, or 60/70p on the longer term as the lines go lower.

The cash position has been much clear than most were expecting on today news



Good weekend all I am expected somewhere now

Lets see what happens next week, see if the stock can get back between the trendlines.

Tomasz is more than likely just having a dig at me. He got very upset when I shorted ASC a stock he was ramping.

Its worth also noting the last two candles are 'bullish engulfing' and have made up around half the gap.

Profit warnings sometimes go in threes;


Iofina losses
StockMarketWire.com 25th April 2014
Iofina's pre-tax losses rose to $3.8m in the year to the end of December, up from $1.2m, despite record production of 171 metric tonnes of crystallised iodine.

Revenues rose to $18.9m from $18.6m but the group posts a loss before interest, tax, depreciation and administration of $1.6m against earnings of $182,791 in 2012.

.

Iofina co-founder appointed interim CEO

Iofina co-founder and non-executive director Jeffrey Ploen has been appointed interim chief executive and president.

He takes over these roles from George Lantz who, along with financed director Gary Gatchell, resigned after an organisational review.

Mike Coddington, Iofina Chemical's current chief financial officer and the former finance director o(2010-2013), takes over as FD.

Both Lantz and Gatchell have offered to be consultants to the vompany, if needed, to allow for a smooth transition, as per their mutual resignations.

Dr. Tom Becker, current president and CEO of Iofina Chemical, will now have expanded responsibilities within the company. Paul Chase-Gardener, whilst originally intending to retire at this year's annual general meeting, has now considered it best to do so immediately for an orderly transition of the board.

The company also said that the two recently appointed non-executive directors and the company's interim CEO have reduced their compensation to £1 until further notice. The current reductions implemented have afforded the company a reduction of circa $650,000 per annum without negatively affecting field operations, as it focuses on bottom line performance.

A busy day away from the screen and with not much post

But on checking this afternoon performance of Iofina noticed she was stragling to stay above 40p, important to hold above the bottom line of the Tram lines, so decide to sell got 38p for a 48% profit on less than 3 days.

I wonder if is going to be a "dead can bounce" for the moment being

Well done Panto..

Daily chart below with trend lines and Fibonacci retracement over the gap.

Down 12% for petes sake.

water right approval Iofina has received approval for its water take off application. Lots of opportunities now and as it's non core they will choose a low capex option Monday will be interesting for the SP.

Thinking on buying but the research and chart doesn't augur too well

Some question being ask frecuently

The chemical formular for lampricide does not include iodine. Is iodine used in the production process?

Lampricide does not contain iodine nor is iodine involved in its manufacture, but it does contain fluorine. Iofina chemical are not just iodine derivatives manufacturers but specialize in halogen chemistry in general with the emphasis on iodine, chlorine and fluorine chemistry, hence the lampricide offering.

From their website:

'Our specialized line of chlorides, fluorides, and iodides meet the highest quality standards, and are backed up with unparalleled service to ensure that you can use them as efficiently and safely as possible.'