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.

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