Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Fair point Smart. All the while we sit & wait and wonder, while other things happen, which makes us ask questions, like what if the money I have tied up in ITX I had taken out a while back & put it into Shanta Gold…The joys! Let’s hope our patience will be amply rewarded. The new £10M quid investors must have even more belief than we mere PIs, which is good to know.
Let’s hope it’s a nice meaty update whenever it comes. Interesting that the new hire focus is for personal & skin care
https://www.glassdoor.com/job-listing/applications-chemist-itaconix-corporation-JV_IC1147764_KO0,20_KE21,41.htm?jl=1008541095881
Great find AJP. All gone a bit quiet here. The calm before the storm - hopefully a good one. Anyway I ask myself, is this hire a new addition or a replacement? I wish I was a chemist and I’d apply myself!
Thanks AJP. I’ve looked hard too but no joy, unless they’re procuring from within the US…
We are now in a really important growth phase where patience finally deserves to be rewarded - and happy for that to be the incremental or transformational. C’mon John!!
Well hindsight is a great thing Smart. I rode the price up - and stayed - all the way to 16p and am still here at 5! The difference now is we are further along the sales curve, new investors have stumped up a chunk of cash, presumably because of their better view (than ours) of a five year window (my assumption) of profitable revenue growth. The questions I ask myself are similar to yours. I’ll be here a while longer yet. Industrial ingredient dislocation takes more time than a lot of us would like I guess, but it’s still a compelling story for me here.
An interesting finish to the day FB! At this rate I might join you with an additional purchase. A share which has done nothing for so long - apart from decline! yet still produces a decent divi, has attracted consistent chunky purchases over the past days.
Another dart in the board this morning; not a bullseye by any stretch, but Frost&Sullivan are one of the world leaders in industry research and big industry often uses their expertise to assist in strategy formulation. This award will get noticed.
This is very positive news Smart. I wonder how long they plan on being on-board for? If they‘ve invested the bulk of the £10M, I Wonder how many multiples thereof do they expect to see that turn into, and within what timeframe.
Good idea WB. I took up the offer, so I’m happy to have a bit more flesh on the bones on the £10.5M strategic investment direction, for example the expected payback period on that. The big contributors presumably have the inside track on that - so unless there is proprietary customer 1st mover stuff curtailing wider dissemination, It would be nice to know! Let us know how you get on.
“Beyond market expectations”
I am part of the market with my small (significant for me) shareholding and my expectation (or hope!) for 2022 was $7M. I really believe we are on the cusp of something but by way of criticism of the management team, they can’t always harp on about TAM’s and SAM’s in the BILLIONS in the markets they are going after (correctly in my view) withou relativising (if that’s a word) that with a bit more specificity on their profitable growth plans. Which, to be fair, I guess they are trying the do with the Finncap notes. JS is conservative by nature, but c’mon John, drop a bombshell, rocket when the time is right!
Another thought on this: the RNS & Broker note mentions $1.9M OPex/Capex for 2023 and $3.6M Capex (no OPex) for 2024. An Interesting distinction, where the OPex part this year, to me, may well mean people Investment to run new plant capacity (Capex), wherever that may be.