Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
A Happy New Year to all current and potential holders here.
May this share bring us wealth and good fortune.
This should be a very good year for all holders here and a turning point as we hit breakeven/profitability.
Looking forward to the full year figures (2023), hopefully out before the end of this month and a raft of news to back up the enthusiasm from the latest interview from John .
ATB
AJP
Thanks T
Thought that this was an excellent presentation and good to see him address some of the salient issues as regards SP and valuation.
Comes across as being very excited about the year ahead, with SAP and Bio-Asterix to the forefront.
ATB
AJB
Apologies
My bad typing for 2021 2nd half figures
2018. Revenue $0.881 mill (total)
2019. Revenue $1.288 mill
1st half $0.45 mill
2nd half $ 0.85 mill
2020. Revenue $3.292 Mill
1st half $1.1 mill
2nd half $2.2 mill
2021. Revenue $2.596
1st half $1.4 mill
2nd half $1.2 mill
2022. Revenue $5.6
1st half $3.1mill
2nd half $2.5 mill
2023. Revenue $7.7 mill (minimum)
1st half $4.0 mill
2nd half $...........
ATB
AJP
Interesting look over the last 6 years revenues.
2018. Revenue $0.881 mill (total)
2019. Revenue $1.288 mill
1st half $0.45 mill
2nd half $ 0.85 mill
2020. Revenue $3.292 Mill
1st half $1.1 mill
2nd half $2.2 mill
2021. Revenue $2.596
1st half $1.4 mill
2nd half $1.0 mill
2022. Revenue $5.6
1st half $3.1mill
2nd half $2.5 mill
2023. Revenue $7.7 mill (minimum)
1st half $4.0 mill
2nd half $...........
ATB
AJP
From Linkedin
Itaconix is hiring. We are continuing to grow. Discover how you can be a part of a global leader in polymers, where safety, performance, and sustainability converge to create a better living for all.
https://lnkd.in/ehdkZXDs
Careers - Itaconix
https://itaconix.com
ATB
AJP
Hi E
Any buy by directors has to be taken as a positive, would have liked John to step in with a larger statement purchase, but then he already has over a million shares, so that kind of speaks for itself, he was maybe just checking that the OTC was still working (lol).
Guess that with the closed period now in place, that we should now expect the TU with second half (full year unaudited) numbers on the 17th/24th of Jan 2024.
Think that many may look back at this price and kick themselves for not buying bucket loads.
AIMHO
ATB
AJP
Just noticed on Indeed
https://www.indeed.com/cmp/Itaconix-Corporation
ATB
AJP
Production operator and a Lab Technician
Hi Db
Did do accounts, but some time ago, can someone confirm, as doubting myself and probably rightly so. say we make the 4mill dollars for the second half as I am almost sure we will.
Revenue 4 mil
Cos 2.2 mil no additional purchase of raw materials, all bought in first half
GP 1.8 mil
Admin 1.9 mil
Loss (0.1)mil
Am I talking utter bol*cks
ATB
AJP
Hi B or anyone
Am I correct in thinking that because ITX purchase 100 Metric Tonnes of raw materials in the first half , which has been accounted for in the figures, and have had no further purchase of raw metal in the second half that I can see ( 100 Metric Tonnes is mega) that the cost of sales will reflect this in the full year figures? or am I speaking sh*te lol.
What impact will this have on the second half profit, much greater?
Thoughts please
ATB
AJP
Hi B
Synopsis of 2023 Half Year results
Safer Ingredients for a Low Carbon Economy
ITX targeting being a very large specialty ingredients company with revenues in excess of $100 million annually and profits to match.
5th consecutive year of record first half revenues $4 million in 2023 with revenues for the rest of this year in line with broker expectations.
Now have a minimum of 150/160 consumer brands and increasing
$20 billion potential market
$2.3 billion addressable market
Blended Gross Profit Margin up 3.2% to 28%
This was due mainly to production ramp up and pricing increases to customers in the late part of 2022
Performance Ingredients – GPM 34%
Formulation Ingredients – GPM 10%
Core areas
Cleaning – 25% GPM
Beauty – 60% GPM
Hygiene – 75% GPM
Targeted increases in Beauty and Hygiene will see our GPM improve even further as these areas have excellent GPM
Let's hope that as we are seeing on products being found that the increase in the higher GPM areas are continuing to improve?
ATB
AJP
A few more to add to the list.https://eco-max.com/laundry/hypoallergenic-laundry-pacs/
https://ekologicall.com/products/dishwasher-pods
https://tacomasoaprefillery.com/products/dishwasher-pods?variant=39384703631433
https://fillmorewasteless.com/shop/dishwasher-pods-1
https://greenlifetradingco.com/products/lemon-dish-pods
https://www.1simpleact.com/shop-1/lutulli-brief-5s5ra-kky3t-ngzyh-4fxte-mrs2d-4jd76-rfjab
https://www.samplemondays.com/products/dishwasher-detergent-pods-bulk
https://www.wefillgoodseacoast.com/products/dishwasher-detergent-pods
https://www.wefillgoodseacoast.com/products/dishwasher-detergent-pods
https://wallowavalleycleaningproducts.com/products/vehicle-cleaner
https://www.chili-edition.com/products/cleaning-tablet
https://solitudesports.com/bottle-bright-natural-cleaning-tablets-review/
https://sensitivehome.com/products/glass-cleaner-fragrance-free
https://www.ekomaze.com/daily-bathroom-cleaner
https://wildclean.com/products/dishwasher-detergent-tablets-30-count
https://organictoyourdoor.co.uk/product/suma-ecoleaf-toilet-cleaner-750ml/
https://www.cleanswim.com.au/products/daily-swim-conditioner
https://www.globalpetbrands.com/product/roomspraydogs/
xhttps://www.herbkart.com/plant-based-bathroom-cleaner/
https://honestals.se/product/honest-als-pomade/
https://karmameju.com/products/rebel-hair-texturizer
https://fourreasons-fi.translate.goog/tuote/nature-styling-mousse/?_x_tr_sl=fi&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
https://www-jordklok-se.translate.goog/sv/articles/2.183.10558/bruns-varmeskydd-n17-oparfymerad?_x_tr_sl=sv&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc
https://www.look-beautiful.de/en/nr-32-salt-cream-sw12900
https://www.fillupbuttercup.com/products/dishwasher-detergent-pods#ingredients
https://incidecoder.com/products/onlybio-hair-of-the-day-light-foam
https://namalei.it/en/articolo/tamed-curls-mousse-linseed-liquorice-and-provitamin-b5/96ce55f8-c0ee-445b-96b8-066ded240a7b/
ATB
AJP
Hi B
What were you using as the GPM for the armchair calculations as a matter of interest?
My hope is that we are heading North of 35% with the increase in Cosmetic products with a much higher GPM.
Appreciate this is best guesstimate.
Lets hope that we still get a comprehensive TU the 2nd/3rd week in Jan
Would think that the II's will be looking for a clearer picture and a rising SP.
Progress on the superabsorbents and the Bio-Asterix would also be appreciated.
ATB
AJP
No problem E
Can just be a bit misleading to those who cannot be ar**d looking. All RNS'd on this page.
30th Oct 2023 7:00 am RNS Director/PDMR Shareholding
26th Oct 2023 5:28 pm RNS Director/PDMR Shareholding
19th Oct 2023 5:08 pm RNS Director/PDMR Shareholding
19th Oct 2023 7:00 am RNS Director/PDMR Shareholding
ATB
AJP
Hi E can we please try and get information posted correct
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in sustainable plant-based polymers used to decarbonise everyday consumer products, announces that Yvon Durant, Chief Technology Officer of the Company, purchased 17,300 ordinary shares in the Company on 27 October 2023 at $1.70 per ordinary share.
Following this purchase, Yvon Durant holds 127,789 ordinary shares in the Company, representing approximately 0.95% per cent. of the Company's issued share capital.
Circa $30,000 worth of shares in this instance.
ATB
AJP
Hi DB
Was just a thought, but wondered what the pros and cons might be?
Treasury stock is often kept for the purpose of reselling, for controlling interest in the company, to prevent hostile takeovers of the company, to prevent undervaluation of shares, and for improved financial ratios such as the earnings per share ratio, the price earnings ratio etc
ATB
AJP
Hi LV
As per half year results
"Cash and Cash Equivalents as at 30 June 2023 was $10.9 million, compared to $0.6 million as at 31 December 2022."
Based on the fact that we have very little cash burn as per John and we are approaching breakeven I would suggest that we would be around the $10 million mark, (my best estimate based on, we have no notification of any major purchases of equipment and no further purchased of raw material since the circa 100 Metric Tonnes which was delivered prior to half year results).
AIMHO
ATB
AJP