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.

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

The market is pleased 12p higher with today's update

Iofina plc
Atlantis Water Project Update

Iofina, a specialist in the exploration and production of iodine and specialty chemical iodine derivatives,

is pleased to provide the following update in respect of its Atlantis Water Project.

Based on initial responses from and discussions with the Montana Department of Natural Resource Conservation ("DNRC") Water Resources Office following their receipt of the Company's water right permit application, the Company has elected to amend its water permit application in an effort to expedite its plan to market 10,000 acre-feet per year (c.200,000 barrels per day) of freshwater in eastern Montana.

The possibility of needing to amend the original application was anticipated and envisioned as part of this process and the Company has decided to amend its application to expedite the application process. The Company's revised application is to develop a water depot for 3,800 acre-feet per year based on customers' needs at the current planned location. The Company has secured strategic locations for the first water pumping station and place of sale for its initial terminal and recently submitted an amended application to reflect this. The Company is actively acquiring additional strategically placed sites, based on demand and ease of transportation, for two additional depots that, together with the initial depot, will total over 10,000 acre-feet per year as planned.

After discussing the status of the application with the central Water Resources Office, the Company was informed that the department removed the original application from its website, but has not terminated the original application. The original application remains valid pending receipt of the amended application.

and also date for Y results on 8 days time Tuesday 7 May

Iofina schedules FY results

Iofina, a specialist in the exploration and production of iodine and speciality chemical iodine derivatives, will be publishing its final results for the year to the end of December on 7 May.

Comments at proactive investor

proactive investor / atlantis helps raise iofina

Iofina plc

("Iofina" or the "Company")

(LSE AIM: IOF)



Board Changes



The Board of Iofina has accepted, with regret, the resignation from the Board, on health grounds, of Lance Baller the Group CEO and Company Secretary. As a result, the resolution to re-elect him as a Director of the Group will be withdrawn from the agenda at the Annual General Meeting ("AGM") to be held on 19 June 2013. Mr Baller has been retained as a consultant to the Group with effect from the AGM.


Efforts to recruit a new CEO, who would be joining the group at a very exciting time in the rapid development of the company, are being pursued immediately. Chris Fay will continue to act as Executive Chairman of the Group and, effective from the AGM, Stuart Eaton will revert to his Non-Executive role on the Board. In addition, Mr Simon Holden has been appointed as Company Secretary effective at the conclusion of the AGM.


Commenting on the resignation Chris Fay, Executive Chairman said:



"Lance's efforts, firstly as finance director and latterly as CEO, have been instrumental in the development of the group, not least the realisation of its production activities to the current status of two producing plants and the imminent roll out of many more. His commitment has been of the highest order throughout his tenure. The board is pleased to have secured his services on an on-going basis as a consultant to the group.

"The board extends its sincere best wishes to him and his family in the hope he will soon return to full health."

SP down 26%?

Lots of speculation, but this seems to cover most of the problems:
http://share-knowledge.org.uk/2013/06/23/is-iofina-vulnerable/

A day to buy earlier on, some did

and now is almost 10p higher from the lows of the day

10.50p higher at 178.50p

Bed and breakfast, badly done by the spread

Director's Dealings

Iofina, specialists in the exploration and production of iodine, with vertical integration into specialty chemical iodine derivatives, was informed on 4 July 2013 that on the same day, Stuart Eaton, a Non-Executive Director of the Company, sold 26,500 ordinary shares of 1 penny each ("Ordinary Shares") at an average price of 166 pence per share. Immediately following such sale, Mr Eaton's personal SIPP purchased 26,500 Ordinary Shares at an average price of 172.8 pence per share.

For the avoidance of doubt Mr Eaton's holding in the Company has not changed and he continues to be interested in 1,349,761 Ordinary Shares representing 1.06 per cent. of the Company's issued share capital.

Some good move up this morning after loosing almost all the early gains yesterday


'Iodine ingestion can help fight breast cancer'

http://atlantablackstar.com/2013/07/04/natural-healing-iodine-can-help-cure-breast-cancer/

Well on the way up with 10p higher after bullish comment on the figures

Interim Results 2013
Strongest First Half in Group histor

Iofina, specialists in the exploration and production of iodine, with complete vertical integration into specialty chemical iodine derivatives, is pleased to announce Interim Results for the six months ended 30 June 2013 a period which has seen a continuation of the execution of Iofina's expansion strategy.

The Board expect to complete construction of IO#3, IO#4, IO#5 and IO#6 by year end. With these plants fully operational, it is estimated that the annualised production rate will be between c.700-c.1000 metric tonnes of crystallized iodine which would see Iofina become one of the lowest cost and largest iodine producers in North America, enabled by its patent protected WET® IOsorb™ technology.

FINANCIAL HIGHLIGHTS:
· Strongest first half in Group history;

· Second consecutive period of positive EBITDA;

· Record H1 Revenue of $11,556,468 (H1 2012: $7,667,162), a 51% increase in revenues;

· Like-for-like losses of $124,410, nearly breakeven per share (H1 2012: net loss of $969,935 or ($0.01/share);

· Improved cash balance at 30 June 2013 of $16,189,567 (30 June 2012: $10,388,096);

· Successful Convertible Bond Issue of $15,000,000 in May 2013; and

· Strong outlook for H2 revenues and profits from Iofina Resources as production from existing plants and four new plants come on line.

OPERATIONAL HIGHLIGHTS:

· Strong Management and expanded Operations team in place to deliver growth, including the recent appointments of George Lantz and Gary Gatchell as CEO and FD, respectively;

· Record revenues for the Group through continued strong performance of Iofina Chemical processing both recycled iodine as well as increasingly the Group's own iodine production from Iofina Resources;

· Multiple site contract won with one of the largest oil and gas operators in the US;

· Identification of six (6) additional highly promising iodine rich sites for the 2014 expansion strategy; and

· Detailed engineering report completed and Montana permit application on the non-core Atlantis Water Project has been lodged.

Commenting on the Results, Dr. Chris Fay, Non-Executive Chairman, stated:

''Iofina is now in an excellent position to monetise its proven technology with a total of six IOsorb™ plants in production by the end of 2013 and a further six planned for 2014. Process optimisation at IO#1 and IO#2 continues to produce higher iodine yields and this knowledge and experience will be applied to future plants. The key IOsorb™ patent was issued in Q2 2013, protecting our significant competitive intellectual property. The recruitment of George Lantz and Gary Gatchell as CEO and FD respectively, has added significant experience and leadership to the management team as we now enter what should be a highly exciting period for Iofina shareholders marked by rapid growth as our roll out strategy unfolds."

A higher BREAKOUT as is moving up with the good news

High of 184.25p earlier on, and as usual profit taking since, is holding around the 175p price now, much the same of late this morning at 172 to 178p for a while till it broke up

Not sure what to make of Iofina at the moment.

I have it on my watch list, tempted to get back in, but looking for an entry point.

They are behind on the latest IOsorb plant and new CEO and FD.

Winter on the way which caused a few problems last year.