Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi
Was just musing about the strides we are making into the leather market and what the potential is here.
The global leather goods market size was valued at USD 440.64 billion in 2022 and is projected to grow from USD 468.49 billion in 2023 to USD 738.61 billion by 2030, exhibiting a CAGR of 6.7% during the forecast period.
We are talking billions here, not sure what our potential slice would be, but was not until I started thinking about what areas there actually is, general shoes, training shoes, golf shoes, football boots, handbags, furniture, car upholstery, horse riding tack, fashion, belts, the list goes on. (Lederhosen as well of course lol)
Guess we may get a greater insight in the next 5/6 weeks as sure there will be a presentation after the final results have been released.
ATB
AJP
Totally, he definitely is coming across as very excited about where we are now and where we are heading.There is a plan !!!
A few points I gleamed from the interview.
Dishwasher market, Excellent performance and cost plus sustainability, new catch phrase “Free Green”
Europe a bigger market for dishwasher tablets than current North American market and making good progress
European major German manufacturer was top rated for its formulation, high profile award and winning contracts in the private label sector
Scale up, first time I have heard him mention production facility in Europe when revenues dictate, but cannot be far off if he is mentioning it?
Leather made with chemistry from ITX, 2 accounts started in this area, major interest in both USA and Europe.
Plant based paint, in particular artwork, has huge potential
Superabsorbents – we have one in place, but are refining this application, to target the hygiene product market.
These markets are huge compared to the dishwasher market which we are currently in
ATB
AJP
Well worth a watch.
https://www.voxmarkets.co.uk/articles/itaconix-q-a-ceo-john-shaw-on-delivering-the-right-ingredients-for-green-growth-056039c/
ATB
AJP
Does anyone have a clue about the large trades that were logged as "Unknown" as they were at a price that would suggest a buy, but had no impact on the SP.
29-Feb-24 14:07:23 175.00 7,755 Unknown* 170.00 178.00 13.57k O
29-Feb-24 08:14:43 175.20 4,559 Unknown* 168.00 180.00 7,987 O
29-Feb-24 08:06:52 175.20 4,561 Unknown* 168.00 180.00 7,991 O
29-Feb-24 08:06:19 176.8135 5,650 Unknown* 168.00 180.00 9,990 O
Were these short positions being closed out before they get totally burned?
ATB
AJP
I like where he says at the end that the three areas of Superabsorbents, paint and leather treatment are individually bigger than what we are producing at the moment.
This definitely has legs and the potential to be huge.
Roll on April and the final results for 2023 and an update on what 2024 holds for us.
ATB
AJP
Hi AZM
These shares being traded in the USA are from the shares in issue as the UK ( circa 13.5 million shares), so same pot that they are bing purchased from as here, so buying in the USA will move the overall SP upwards.
ATB
AJP
Hi
currently at $1.93 up circa 22%
Lets hope this the start of some concerted buying in the USA
https://www.marketscreener.com/quote/stock/ITACONIX-PLC-120795916/quotes/
ATB
AJP
Hi All
Is anyone attending the sharesoc event tomorrow?
https://www.sharesoc.org/events/sharesoc-growth-company-live-seminar-london-28-feb-2024-430pm/
would be good if we could get some feedback this and what John has to say.
ATB
AJP
Lots of trades going through on Aquis as well today, will be interesting to see how many trades are registered on the OTC this afternoon?
https://www.aquis.eu/companies/ITX.GB?securityidaqse=ITX.GB
2024-02-27, 09:47 168.00 2,023 3,398.64
2024-02-27, 09:29 159.50 1,561 2,489.80
2024-02-27, 09:21 159.65 2,000 3,193.00
2024-02-27, 09:15 158.02 1,474 2,329.21
2024-02-27, 09:03 158.00 600 948.00
2024-02-27, 09:02 160.00 625 1,000.00
2024-02-27, 08:56 155.00 645 999.75
2024-02-27, 08:43 149.95 1,360 2,039.32
2024-02-27, 08:29 145.00 678 983.10
2024-02-27, 08:28 145.00 606 878.70
2024-02-27, 08:25 143.88 1,750 2,517.90
2024-02-27, 08:10 139.00 1,424 1,979.36
2024-02-27, 08:09 139.00 1,431 1,989.09
2024-02-27, 08:08 139.00 2,151 2,989.89
ATB
AJP
Excellent update and not too long till we get the full results in early April, all looking really positive and looks like the markets agree. Remember £2.50 is only our starting point, so there is a lot more mileage here.
“The Company anticipates further growth as awareness of Itaconix's competitive advantages (performance, cost and sustainability) continues to expand in North America and Europe.”
This is really good news
“Itaconix is also making significant progress in developing new products, including superabsorbent polymers, a new water-soluble polymer, and the application of BIO*Asterix ingredients in paints and leather, opening up exciting new revenue streams.”
“Further details of FY23 trading and the outlook for 2024 will be provided when the Company announces FY23 results planned for early April 2024.”
Still waiting on the full update on the recent deliveries of raw materials, which confirms that we have a very busy year ahead of us.
ATB
AJP
Hi DFV
Looks like we have taken delivery of a further 40 Metric Tonnes of Raw materials via Chemtan.
I will update form the main site I use when the information becomes available, they are possibly a day or so behind this update, but a link showing initial information, supplied below.
https://en.nbd.ltd/customs-data?t=0&v=Itaconic%20acid
09/02/2024 UULNQD23120454 Chemtan 39600 40PKG
15/02/2024 UULNQD24010550 Chemtan 39600 40PKG
18/02/2024 Chemtan 39600 40PKG
21/02/2024 Chemtan 39600 40PKG
That would make circa 160 Metric Tonnes this month.
PDYOR
AIMHO
ATB
AJP
Hi DB
Hope all is good? I am pretty confident that the information is correct, this is taken from a very reputable site, and the Bill of Laden references/documentation all form part of the legal requirement of the import process into the USA (these companies charge for deeper access, so it is not a game to them, this is their business).
It only give an indication as to increased production, but points to ITX moving at a pace now.
As an aside did see this and wondered what positives this may have for ITX
China's groundbreaking move towards ESG disclosure for global supply chains
https://www.lrqa.com/en-gb/insights/articles/china-esg-disclosure-requirements/
ATB
AJP
Hi E
You are totally correct as regards that all we can determine is that the quantities of raw material being purchased is increasing, prior to 2022 we purchased less than 20/30 Tonnes a years. We can only see the trend, we do not know what the split is as regards High GPM ingredients and the Lower GPM composites, but an indication of continued progress?
In 2022 we purchased circa 120 Tonnes
In 2023 we purchased circa 140 Tones
Already in 2024 we have purchased circa 80 Tonnes
ATB
AJP
Hi DFV
This is from the 6th of June final results presentation, you can see where he is trying to sidestep the question.
https://www.investormeetcompany.com/meetings/final-results-61
40 minutes and 20 seconds into the presentation
ATB
AJP
Hi DFV
I will dig out the link, but as far as I remember, the amounts of Itaconic Acid that we are buying in are such that we did not have the space to store it onsite and we must have a relationship with Chemtan where we can store at their facility, guess there may be a minimal fee involved, the quantities being stored at Chemtan as far as I am aware is for overall production of ingredients across the board and not just the lower margin ingredients.
I know that John was trying to dissuade us from tracking imports, but think that this was just him trying to keep that large quantities now being purchased under the radar? (the usual understated stance)
Circa 340 Tonnes in the last 2 years !!!!
If anyone else has knowledge, then please jump in.
ATB
AJP
Hi
https://itaconix.com/about/leadership/
Jonathan Brooks (Non-Executive Director)
ATB
AJP