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.

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

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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.