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Yep, I get that JD. I listened only to the q&a afterwards and I did hear in there some stuff which I hadn’t heard (or had forgotten!) eg. more than 1 packaging company; paints not a focus at the moment/too many other things happening; Solvay relationship not strategic/more of a legacy thing; licencing out IP, NO WAY - and China market will be served from existing facilities; Doc Durant working on other exciting things.
It would be nice to hear from the VP Sales Mona Manning - at least a sales pitch would be good!
jd I’ve seen enough slick dog & pony show over promising presentations in my time delivered by honed smooth presenters to know that the conservative under promising style of JS is not without merit at this stage of the company’s development. The real talking will be done when the next significant RNS drops. I would like to hear from the VP of Sales though, and also Doc Durant on his polymer vision for the future.
I think so AJP. Just caught up with some of the presentation & JS was going canny big time. There are 2 reasons for that: a) he is way behind on growth delivery b) he is ultra careful about protecting commercially sensitive growth and the release of associated information.
Itaconix ingredients are achieving market success & penetration - so I think it is (b), and you are right - there are a few aces to be played. So I’m still comfortable with 20p by ‘23.
It is. We tip toe another step towards writing regular invoices!
Hi guys, I’ve been doing a little more digging here. Aquapak is a wholly owned and only subsidiary of Aquapak Hydropolymers Ltd., which has been funding the heavily loss making Aquapak for a number of years. The question is, who has the deep pockets in the holding company/where is the cash coming from? Well, one of the Holding Co.s non execs is Richard McAlpine - part of the Sir Robert McAlpine construction dynasty. All this is publicly available from companies house. This is all irrelevant if there is no connection between Itaconix & Aquapak, but - and I’m with Thordon on this - given Guy Broadbent’s involvement, his shareholding in Itaconix gives him an investor’s route into that relationship - if it exists - which he doesn’t have at Aquapak, presumably because it is a private company. The very deep pockets behind Aquapak are obviously onto something. I wonder if Richard McAlpine has invested in Itaconix?
Fair point AJP - with only 443M shares in issue - a lot in sticky hands, including directors, IIs, and plenty of PIs with >1M, when the packaging RNS drops & Lord knows what else, the breeze flapping our sails just now will strengthen & really begin to blow. The only thing that will hold that back is a delay on the revenue growth curve (we’ve seen that already) - but those winds of change filling our sails are coming and strengthening, no doubt about it.
That is in my view a buy Molson. And with a purchase that size of nearly £120k it is an affirmation of the long term view held by many here that Itaconix is just getting out of the starting blocks on its profitable growth curve. This investor committing £120k at 10p+ sees the long term opportunity also. If they were a trader looking to make a quick buck, I guess they would have been in a couple of weeks ago & out now.
Long may this continue. Looks like the market is taking note of what the new CEO Richard Gibbs & his team are doing. One of Richard’s previous companies, was/is good at acquiring well fitting businesses - maybe part of a 5 year FTC strategy. So I think this has a long way to go, though I’ll probably take some off the table if we keep pushing on like this.
Yes Elsol, we’ve boarded a train and we are driving the IA Polymer locomotive. We are in good company: DSM a substantial chemicals outfit with HQ in Netherlands and substantial operations just down the road from me in Glasgow, have been paying a lot of attention to Itaconic Acid production and paint. I wonder if they might be interested in our IP?
http://www.biocore-europe.org/file/2_3%20BIOCORE%20L%20Raamsdonk%20DSM%20Itaconic%20acid.pdf
Bonxie - I was in that business a few years back, so that is my own recollection (unpublished) - processing prices can vary, depending on the values of recyclates/metals recovered, but most of the EV battery recycling companies now will have upfront processing fees of £X/T. Battery storage packs as you say, will be similar to EV (mainly Lithium) - ie complex/hazardous electro-chemical assemblies, where the recyclates will not cover (in my view) the return logistics, electro-chemical disassembly, hazardous elements disposal & so on.
Hi bonxie I can offer some insight on Li-Ion battery recycling. For smaller (eg. smart phone) batteries, from memory, £400/T disposal. For EV li-ion Batteries that is different: you have a high energy/high voltage chemical/electro-mechanical package which needs to be made 1) electrically safe, 2) manually disassembled (too risky to crush them for fire hazard) 3) disposal of hazardous materials etc. So you are looking at I would say £1000/T disposal, maybe more.
Great find AJP - I don’t recall seeing this before AND it is the first time I have seen Jim Gordon’s name on a patent, alongside Bo, John, Yvon. I think this is very significant news - and Jim has also during his career done patent applications while at Unilever. There is a huge amount of FMCG Chemistry Knowledge/IP which they have been protecting at every turn it would seem.