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.

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