Member Info for AJP08

Thanks Chilting

Just trying to see if there was any potential positives, every cloud has a silver lining and all that.

ATB

AJP

Thoughts please

Here's one out of the left field, could this Tariff potential, not be a positive for ITX?

All Chemical companies who import ingredients will be hit and they have multiple ingredients in each formulation, we only have one raw material to deal with in Itaconic Acid, and the finished ingredient that we produce can replace multiple ingredients in a formulation, so therefore could this possibly increase adoption of ITX ingredients into their products to reduce the overall cost for the likes of Unilever etc

Just a thought

ATB

AJP

Hi All

Will be interesting to see if there are more shipments of raw materials before the year end.

Given that we are looking good to make target and hopefully surpass this, then the amount of raw materials kind of does not equate.

Would it be the case that John is ahead of the curve and we have built up very large stocks of finished goods and have a huge buffer stock both in the US and in Europe?

Production staff have been working flat out as per John in previous presentation.

As per John a while back finished goods have at least a two year shelf life and probably greater than this, so would make sense?

As for Tariffs if and when these happen, there are many more larger chemical companies that will be putting their case forward for this not to happen, no one wins and only the general public suffer in higher prices, higher inflation, higher unemployment and higher interest rates.

If these are implemented, then we need to look at alternatives as regard production, Canada or Europe?

Worst case then the burden of the Tariffs needs to be shared with the supplier, ITX and the customer.

Guess that John cannot come out with anything at the moment on this as there is only hyperbole to deal with at the moment, but I am sure that this will be something that is very high on his agenda. Lets see what January brings us.

AIMHO

ATB

AJP

Thanks Elsol

Much appreciated

ATB

AJP

Hi Smart

Positive update this morning, John does tend to be a bit conservative, my view is that we will surpass the upper guidance figure.

The post last night was in addition to Brian Brand, in the Operations Director position, sure we will get details soon.

See there was a new update on Research Tree

Canaccord Genuity has published a new research note on:

Itaconix plc.

Does anyone have access to that and can paraphrase?

Looking forward to the full year figures in January.

ATB

AJP

Looks like the Operations Director position has been filled, now only 2 production positions being advertised.

Can we keep this board relating to ITX please.

https://itaconix.com/about/careers

ATB

AJP

Hi

Must be a big market in this eh, in particular medical applications?

https://myhealthbox.eu/en/array-antiseptic-handwash-pcmx-soap/6584355

ATB

AJP

Hi DB

Not sure that there is a facility set up as regards the fermentation process in the US, John has spoken previously as this being a long term plan for ITX, to be able to produce the Itaconic acid themselves, but this would require considerable investment, not sure why one of the specialty chemical companies have not looked at this or maybe they have, as the amount of Itaconic acid coming into the US is increasing year on year.

Here's to a good lead up to the end of the year and beyond.

ATB

AJP

Hi Wacca

Let's hope that this is due to increases in orders received across the board.

Leather applications , paint applications, industrial applications, it would be good to see revenue progress in these areas.

Continued progress in Superabsorbents, with a breakthrough in efficacy against polyacyilates.

Maybe even as you say the customer who was trying to push us into a corner, will have returned in some shape or form at much better margins.

Hopefully the next update is not too far away and we all get some Xmas cheer along with a sizeable rise in the SP to take us into the New Year.

"In addition to improving gross profit margins, the Company is diversifying its revenue base with new accounts and growth from existing accounts. Initial orders were received in the first six months for a new dish detergent application in Europe, a new sustainable leather account, and a new application in mineral processing. As previously disclosed, revenues and volume growth from these new accounts are expected to occur predominantly in H2 2024 and beyond.

The Company also continues to benefit from new orders and continuing revenues at lower levels from the existing merchandizing customer that the Company had previously taken the decision to decline low margin revenues from."

Will keep an eye out for further raw material shipments this week

ATB

AJP

Hi DB

What are your thoughts?

We normally see 2 or 3 shipments over a period to 3/5 days so there may be more shipments to report early next week?

These deliveries in my opinion are not to build up a safety stock ( re Tariffs), but to furnish requirements for customers.

We have employed three chemical production operators lately and the averts shows we are still looking for more.

Is production running flat out 24/7?

Looking forward to the next update for some clarity

ATB

AJP

Wow, another 40 metric Tonnes delivered, wonder if we will get some more in the coming days?

We have now taken delivery of 400 Metric Tonnes of raw materials this year.

1 KLSQTAOKW2409026 ITACONIC ACID, 99.5% MIN CHEMTAN CO. INC. QINGDAO KEHAI BIOCHEMISTRY CO.,LTD 2024-10-31 CHINA 39600 KGS 40 CTN

ATB

AJP

Dropps appear to have a couple of new arrivals on the dishwasher front

https://www.dropps.com/products/ultrawash-plus-lemon-citrus-biobased-power-dishwasher-detergent-pods

https://www.dropps.com/products/ultrawash-plus-unscented-biobased-power-dishwasher-detergent-pods

ATB

AJP

Hi

Some nice trades went through on Aquis

01 Nov 24 10:18 1,097 136.64 1,498.94

01 Nov 24 10:17 1,829 136.64 2,499.15

01 Nov 24 10:17 1,829 136.64 2,499.15

01 Nov 24 10:16 190 137.00 260.30

https://www.aquis.eu/companies/ITX.GB?securityidaqse=ITX.GB

ATB

AJP

Hi S

New and improved dishwasher tablets too👍

https://branchbasics.com/blogs/our-new-improved-dishwasher-tablets/our-new-improved-dishwasher-tablets

ATB

AJP

Update from ITX

https://www.linkedin.com/posts/itaconix-corporation_laundry-detergent-activity-7257851976569208832-xjst

ATB

AJP

As you say total madness, there has been absolutely nothing out of ITX to warrant such a drop, is this all based on what might or might not happen in the Budget tomorrow, are people expecting Armageddon lol

under 2 p old money, fill your boots at this level?

ATB

AJP

Hi S

Yes 100 @ 110.1p anything above that is NT

117p to buy up to 7000 NT after that.

ATB

AJP

Never knew that Jessica Alba was the founder

https://www.honest.com/bubble-bath/foaming-bubble-bath.html

https://www.ewg.org/skindeep/browse/ingredients/862608-SODIUM_POLYITACONATE/

Actress and entrepreneur Jessica Alba is leaving her baby and beauty products brand, The Honest Company, after 12 years running it as its chief creative officer. Alba founded The Honest Company in 2012 and took it public in 2021 at a valuation of $1.4 billion.10 Apr 2024

https://investors.honest.com/news-releases/news-release-details/founder-jessica-alba-step-down-role-chief-creative-officer

ATB

ATP

Hi W

I would hazard a guess that it is the former, the information flow out of ITX has been very tight over the years.

It is very hard to move the SP upwards when you have a seller who is determined to sell at any price, as has been said previously, cannot be for capitol gains tax, as I doubt anyone here is in profit at the moment, sellers move the price down, buyers move the price up. hopefully once they have sold out we can start to climb back up again, I for one am looking to add some more at these ridiculously low prices, just over 2p in old money.

Maybe worth someone dropping John an email to see what his thoughts are?P would be interesting to see what response we got?

ATB

AJP

Hi W

Totally.

As per Snooz post, it would appear to be one seller, it may be that that person is in such a position that they need to sell out at any price.

Snooz, have you been scooping these up?

It would be good to get some kind of positive information out of ITX, but my guess it that this may not happen until mid November now, maybe around the time of the next exhibition?

https://itaconix.com/blog/itaconix-presents-at-issa-2024-0

ISSA Show North America is the largest and most comprehensive event dedicated to the worldwide industrial, commercial and residential cleaning and facilities industries. As the main show for facility solutions, ISSA brings together leading experts to create impactful solutions for the global cleaning community. This November, Itaconix will be joining 600+ exhibitors at the Mandalay Bay Convention Center in Las Vegas, Nevada, where we will be sharing the latest developments in our plant-based cleaning technology. We will be at Booth 1634, so be sure to stop by and visit our team.

ATB

ATP