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.

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.