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.

Taken from ADVN SHARE TIPS FROM INVESTORS CHRONICLE Iofina PLC Thu 03 October 2013 A A A Recommendation type: Speculative Matthew Allan Every once in a while, a game-changing technology comes along that has the potential to revolutionise a market along with the fortunes of the company responsible for developing it. That's exactly the opportunity Iofina (IOF) has: a patented, highly profitable technology to extract iodine from waste water associated with shale oil and gasfields in the US. Iodine has a vast range of uses, ranging from speciality electronics to animal health products and disinfectants, but is conventionally expensive to produce. It currently sells for around $50 a kilogramme, yet Iofina's IOsorb plants can produce it for as little as $10-$20 a kilogramme - about half the cost incurred by competitors mining iodine in Chile. The company has built two plants so far. It has one small trial plant in Texas and a larger, commercial-grade plant in Oklahoma that was commissioned in January 2013. Between them, Iofina made impressive gross profits of $2.5m (�1.6m) in the six months to 30 June 2013 on record revenues of $11.6m. But most importantly Iofina proved that its technology really works. Granted, both plants experienced some initial teething problems. Iofina could not find a reliable enough supply of waste water at the first plant and water had to be trucked in. The second plant is faring much better, though, as it receives waste water directly via pipeline from oil-producing wells owned by a single supplier. This gives greater certainty of supply as well as higher water temperatures, which increase plant efficiency. This will be the model going forward. Unfortunately, a "highly improbable" event occurred in June whereby produced oil was not separated from the waste water. This temporarily hindered the plant's operations, but Iofina's equipment is now back to normal. On the positive side, this demonstrated that the plant is robust enough to withstand a large shock of oil. With new design improvements incorporated, Iofina plans to rapidly ramp up development and roll out dozens of plants across the US. A third plant is on track to be completed by the end of September 2013 and three more are under construction and are expected to be installed by the year-end. A further six plants are expected in 2014. Analysts from Investec estimate each plant adds $20m (10p per share) of value versus a capital cost of just $2-3m.

article on iof

100p support.

96p low of the day, since higher with the little movement down as the order book takes the bid price

Market makes did not like the jam tomorrow outlook 2014


2013 Review and 2014 Outlook

Commenting on today's news, CEO George Lantz, said: "Whilst we expect revenues and EBITDA to be comparable to 2012, 2013 has seen the successful deployment of Iofina's IOsorb technology along with the continued growth of its derivatives business. Taking stock of the iodine production opportunities, increased derivative sales and prilling that are open to Iofina, 2014 signifies an exciting year for the rapidly expanding Group."

Director Dealing

Iofina, specialists in the exploration and production of iodine and iodine specialty chemical derivatives, were informed today that Chris Fay, Non-Executive Chairman of the Group has today purchased 50,000 ordinary shares at an average price of 101p. Mr Fay now holds 1,300,000 ordinary shares in the Company, representing 1.02 per cent of the Company's issued share capital.

We initiate on Iofina with a Buy recommendation and 156p/share target price. With Iofina's shares trading at recently depressed levels, we
believe this represents an excellent entry point to a business with a unique business model and significant growth potential. In our view the
market has taken an overly cautious view on plant roll-out, iodine price and/or cash margins. Despite a softening of global iodine spot prices,
Iofina's unique business model remains robust and looks to deliver peer-leading returns. We expect to see a re-rating towards our target price
as Iofina delivers on 2014 production and cash flow expectations. Furthermore, we see significant valuation upside (35-45p/share) in the event
Iofina installs a prilling plant, a process that turns crystalline iodine in to pellets, increasing the realised price Iofina can receive for external
sales. With six operational plants in 2014 and a further three under consideration, we expect revenues to grow from $18.8m FY13 to $39.9m
FY14 and $60.4m in FY15. Whilst global supply additions should keep pace with growing global demand, we expect the market to remain well
balanced in the medium term, with a price floor in the mid-40‟s supported by the relatively high cash cost associated with Chilean mined iodine.
Iofina‟s operational costs, including a royalty paid to the upstream operator, are estimated to be $21/kg, compared to Chilean iodine mining
cash operating costs of closer to $35-45/kg. High operational margins support out forecasts of significant near-term free cash flow generation.

Re Buy recommendation. Where did you find this Cyril?

Well i;ve just bought in this am,it's a producer of a wanted product.In the middle of an expansion program,which should yeild a healthy return medium turn.
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at a crucial point -

sp at 12 month low.

halifax - I don't hold this share. I'm not quite sure what contribution you're trying to make to this bulletin board apart from posting some obvious comments about various share prices, including this one.

doodle is it time to buy?

sp up 3% bottom fishing may pay off.

Share knowledge up beat

sp up 14% @ 90p recovering strongly.

rumours on water rights approval.

Sheer disaster waiting to happen.

Another early morning slip.

tatement from Numis sums it up :-

"We view today's announcement as a positive step in Iofina's evolution, as management focus on maximising returns on both existing and new investments whilst generating positive free-cashflow. Iofina's balance sheet remains robust with sufficient headroom to support the group's operational and capital needs in 2014."

This confirms the feeling I've had about previous management being massively over optimistic with the current CEO and FD struggling to re-introduce normality. The roll out was hugely under estimated as was the cash required. Since they've been there they have had to slow the roll out and cash burn, to get it back to a manageable level.

The operational review buys them some time to get production up and at a consistent level (less down time etc.) and will hopefully make for a more efficient company at year end. Also gives them time to sort out the sales process. I've always been concerned about sales. How they get a customer, manage a big order - they have to commit to delivery and cannot really do this unless they have certainty of production which I'm not sure they have at the moment. With 5-6 plants they should have this so more opportunity to commit and get longer term customers. It's no good just rolling out sites if they are not producing or the product has not been sold.

So I doubt they will need more money now (I hope not anyway), but a long road to recovery imo.

The water permit will produce cash income, it may not be core, but it is important.