Iofina water project on the rocks after Montana denies permit
22nd Apr 2014 10:46
Shares in iodine producer Iofina fell sharply as the group revealed a new water distribution project was on the rocks. The AIM-listed company had applied to the Montana Department of Natural Resources & Conservation (DNRC) for a water permit in order to start up a 200,000-barrels-per-day industria
Read moreIofina completes iodine plant but delays others
27th Mar 2014 15:31
Iodine producer Iofina has completed its latest iodine extraction plant in the US, but it said construction of more plants would be delayed. Iofina, which produces iodine in Texas, Montana and Oklahoma, said it had finished building its IO#5 plant and was awaiting final regulatory approval. The gr
Read moreIofina Chairman to step down on March 31st
20th Mar 2014 09:42
Iodine producer Iofina announced on Thursday the resignation of its Chairman effective March 31st. In parallel, the company welcomed on board a new Non-Executive Director, William Delaney Bellamy. The new director is a senior vice president at engineering and construction firm CH2M Hill, one of t
Read moreIofina shares fall on lower production
29th Jan 2014 15:37
Iodine producer Iofina has reported production disruption at one of its plants, hitting its shares. Iofina, which produces iodine in Texas, Montana and Oklahoma in the US, said fracking and drilling activity had affected incoming brine volumes to its IO#3 plant. The company said it was working wit
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreLondon close: Stocks pull back as investors await Fed decision
17th Dec 2013 16:36
- US inflation data in focus ahead of Fed meeting - UK inflation falls, Eurozone inflation picks up - Supermarket fall on competition from discounters - Car insurance is too high, claims Competition Commission techMARK 2,684.75 -0.05% FTSE 100 6,486.19 -0.55% FTSE 250 15,348.56 -0.23% UK markets p
Read moreIofina Chairman shows confidence after profit warning
17th Dec 2013 16:16
Proving his confidence in the business on the day it published a profit warning, Iofina Chairman Chris Fay splashed the cash in two separate share purchases. Fay first bought £50,000 worth at 101p in the morning after the shares plummeted from Monday's 132.25p closing price. Later in the day he f
Read moreLondon midday: Markets pull back as investors prepare for Fed meeting
17th Dec 2013 11:24
- US inflation in focus ahead of Fed meeting - German sentiment rises; UK inflation eases - S&P downgrades RSA, Fitch lowers outlook - Cable & Wireless Comms gains on bid speculation techMARK 2,690.49 +0.16% FTSE 100 6,499.13 -0.35% FTSE 250 15,419.43 +0.23% Markets across Europe were trading in t
Read moreIofina blames sales delays for profit warning
17th Dec 2013 11:04
Iodine explorer and producer Iofina blamed sales delays for a profit warning, hitting its shares by nearly a quarter. Iofina said 2013 revenue and underlying pre-tax earnings were likely to be similar to 2012 after expected 2013 shipments from its chemical division were delayed into 2014. Iodine p
Read moreIofina hits production record as third plant begins production
20th Nov 2013 12:44
Iofina has announced its third production plant, IO#3 in Oklahoma, has begun producing iodine after its recent regulatory approval, although construction delays hit its fourth and fifth plants The AIM-listed company also announced that it had recently set a new monthly production record in October
Read moreIofina to open new iodine plant next week
9th Oct 2013 10:58
Iodine explorer and producer Iofina is to commission a new production plant next week with full scale production starting shortly after. The US group, which has iodine production operations in Texas, California, Montana, Oklahoma and Wyoming, said its IO#3 plant was nearing completion and would add
Read moreIofina gains on strongest first half in group history
25th Sep 2013 09:54
Iofina's shares surged after reporting the "strongest first half in group history" on Wednesday as the explorer and producer of iodine achieved record revenues. Revenue in the first six months came to $11.55m, up 51% on the prior year's $7.6m, driven by the strong performance of Iofina Chemical pro
Read moreIofina boss steps down on health grounds
12th Jun 2013 14:03
AIM-listed speciality chemical derivatives company Iofina has reported that Chief Executive Officer and Company Secretary Lance Baller has resigned from the company on health grounds. The group said that it had accepted his resignation with regret and, as a result, the resolution to re-elect him as
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreIofina amends freshwater marketing permit application
29th Apr 2013 09:21
AIM-listed Iofina, a specialist in the exploration and production of iodine, has amended its application for a permit to market freshwater in eastern Montana. In an update issued on Monday, the company said it had elected to amend its water permit application in an effort to expedite its plan to ma
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