Member Info for dougerboy

They don’t have millions (yet) in the bank shooter. But that hasn’t held back Croda (or others) from deepening the relationship with Itaconix.

Maybe relevant, maybe not. But John Tsavalas, a research scientist at The University of New Hampshire, which makes him a colleague of Itaconix co-founder Yvon Durant, is named as a co-inventor on some of Itaconix IP. He is also, interestingly, named as co-inventor on IP belonging to Dow Chemical and Omnova (a US based subsidiary of Synthomer).

Correct WB, which is why I’ve just put another buy order in.

Thanks Frozen, but Thordon is our main product sleuth lol

Nice work AJP! I just listened to the presentation and the key words were: “we have a $1M production line that can do $10M in sales”

There is a bit missing in that statement which is the amount (Tonnage) of raw material (Itaconic Acid) required to be processed on the $1M production line in order to hit the $10M Sales.

The $1M is an important number (especially as we can scale up capacity at modest cost) but it is capital cost and nothing to do with Cost of Goods Sold, as far as I can tell.

So the question is: how much Itaconic Acid needs to go through that $1M production line per month in order to generate $10M sales, annually?

I don’t have an answer on that (yet)!

Aha, I think it might have been the last one, which I missed!

Thanks AJP, when I’ve time I’m going to try and develop the numbers a bit more. Interesting what you mention John said. I don’t recall that - can you point me to that and what he said exactly?

$6M would be great by the way - that would a significant increase and getting close to 50% plant capacity (maybe they are at that now) and if the revenue curve keeps going the right way, they need to be thinking NOW about extra plant capacity for 2024 and beyond.

Hi Elsol that is a good question and it’s a metric I’m trying to figure out. I don’t have a full subscription to US import data (quite expensive) but I’ll endeavour to glean what I can from various free resources.

Great work guys. I’m not sure Smart on the Yearly change on inbound raw materials but as AJP says 2 20T shipments in August alone is a statement in itself. Looks like they are ramping up significantly. When I’ve time, I’m going to try and have a look at what it might translate to into numbers.

A tad more data on inbound raw material Itaconic Acid into the factory here:

https://www.seair.co.in/us-import/product-itaconic-acid/i-itaconix-corp.aspx

20T received in June; 20T received in July. That is very good news. Might buy a few more tomorrow!

No Frozen: the 30 days prior to 2022 results release (probably end March 2023) is the yardstick:

„The share price for the bonus award is based on the volume-weighted average closing mid-market share price over the 30 trading days immediately preceding the first day on which the financial results are publicly released.“

Luthrin - i agree with your analysis. He (and I) have posted on this before. It makes sense. John is a LTH - like many of us - and he knows his payday is coming. He‘s motivated to maximise that. What’s another 10 months in the overall scheme of things?

Sorry Wacca I genuinely wasn’t being sarcastic. I honestly didn’t know where you were going with your hopes - and I still have as a LTH plenty. And I don’t do sarcasm - I hate it! When this ship comes in I’m buying you a beer it two!

I wouldn’t get your hopes up on this one Wacca. Corn starch is used to thicken sauces/soups - we call it cornflour. Got it in the kitchen.

If we hit capacity buffers in 2 years that means $15M annual Revenue and well beyond B.E. assuming margins hold up - the brakes are then truly off. I might see my 20p by ‘23 yet.

Thordon great work. Thank you. Each one of your product posts is evidence of yet another step in the company progressing along the revenue growth curve.

That sums it up nicely Thordon! The revenue growth curve is 5 Years late. And in case anyone needs reminding, a lot of good info in this:

https://cdn.proactiveinvestors.com/upload/NetResearch/PdfFile/2019_04/Itaconix---Gaining-global-reach.pdf

Wishing us all a great update SI. Our patience deserves it and hoping ITX Mk 3 will really start to motor. It’s a $10M (profitable) revenue number und have my eye on for 2023. If that happens then the brakes are truly off and then we are looking at upsizing factory operations. That is an RNS I am really really looking forward to.

Nice work Thordon. And also great to see another 20 Tonnes of raw material landing at the factory from Qingdao a couple of weeks ago.

https://panjiva.com/Itaconix-Co-Ltd/30450487

Haha you are right AJP - 200p by ‘23 it is! A lovely RNS to see this morning indeed.