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.

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