Member Info for dougerboy

That’s easy Surfie, because if the $4.7m is hit for 2022, then the horse is really out of the trap, lifting significantly the share price by end of this year and more as we continue to motor towards breakeven in 2023.

Could be Chilting but for me (as an ex aerospace guy) composite materials means stuff like Carbon Fibre etc. Often such composite materials are reinforced with epoxy resins, which are often petroleum based...and changing that stuff to Itaconix based chemistries & technology would be another exciting application area. I guess we’ll know for sure in 2 years!

Smart *appears they are not making a profit* - you are correct. At $2.6M for last year unaudited that can read “definitely not making a profit” which is part of the reason why the share price has done a major retreat. The forecast 2023 numbers are breakeven numbers in my opinion, and then we are off to the races - when met, if not before. The RNS today is very interesting - I remember reading something on composites - let me see if I can find it...

That’s a nice post Demo. I’ve been in and out of (very modestly) Fresnillo over the past few years. Back in now with a few £k. I like that they are one of the world’s biggest silver producers and I like silver. Happy to wait a couple of years for a rebound, though it might be quicker than that.

Fair points Elsol. The reality is, it is all to do with breakeven and when. That’s always been the driver for me as I look to 20p in ‘23!

And no problem with raw material flow from Far East it would seem. Last month 340T of Itaconic Acid shipped to USA, from what I have found. I don’t know how much of that is connected to Itaconix.

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

Fair point Blue on the cash. We shall see & know pretty quick I think. The last fundraiser was mid-COVID and those investors, one can only assume, saw the runway being built to 2023/24 and beyond - so 12p wasn’t a problem. I do remember a few presentations back (for FY2020 I think) JS said “some months had already been breakeven.” If the company raises more cash that way, that is a truly thumping endorsement. If they need to go to market, he might need to give us a bit of help by addressing stuff like this:

I’d like to know his current view on when each month will be breakeven (won’t be this year) and some information on the new VP Sales successes on the Business Development front after more than a year in the job. Not forgetting BioAsterix. There was a revenue curve timeline also given a while back and I’d really like to how it’s recalibration is currently looking.

In fact, I’m going to email him on that last point!

That about sums it up Bod. 2023 and beyond, which has always been on the cards. I’m looking forward especially to new initiative announcements during the course of this year, now that we are all learning to live with COVID.

I’m praying 5 times a day Eric and going to the chapel, Kirk, and temple.

lbjj * Thor has been in a number of meetings with various Sami groups as well as a full day out with them on the skidoo. Yet he has not even said hello to Budge. Don’t you consider that odd?*

I don’t think it’s odd - and are we 100% sure there hasn’t been any off the record contact? If Thor is minded to YES, then the ones he needs to spend most time with ahead of that decision ARE the ones most against it - he will be trying to take them (Sami) with him, which, in my view, is why he’s right in being empathetic and being seen to be so.

Smart we should not expect anything from the results. It is 2023 I have my eye on.

Correct Rod! A significant drop for only £36k’s worth of shares traded as I type.

If it goes below 5, I’m back in (again) for more.

Good reminder Thordon. I’m looking forward to your first sleuthing post where you highlight a new product with BIOASTERIX IN IT!

Andrew, no offence, but that sounds a tad rampy. 50/60% based on what? 2021 Revenues easily beating 2020 numbers? A hummdinger of a new product launch? Or what?

Great post Elsol. It is worth adding, the BoD performance based share bonus scheme expires end of this year and they are rewarded according to incremental revenue growth - so it’s in their interest (and ours) to really motor towards breakeven THIS year, NPD, customer orders & demand permitting, of course.

Great work Thordon. It seems like the stream of products out there with Itaconix ingredients is turning into a river.

It is a buying opportunity TWP and my last purchase not so long ago was sub 5. Which I’ll do again if it goes there. I’ve been to the top of many Scottish mountains and there are loads of ups, downs, undulations, false summits and bealachs on the way. We are in the Bealach just now, because of breakeven uncertainty, but this checklist will, I believe, in time, take us to the top.

Protected IP. Check.
Innovate Products. Check.
Can replace Incumbent Fossil fuel products. Check.
Manufacturing, Selling, & Invoicing Product. Check.
Major OEM Customer Approvals. Check.
Pipeline of new products and product roadmaps. Check.
World leader in polymer derivatives of Itaconic Acid. Check.
Raw material inputs from renewable sources. Check.
Executive Team major shareholders. Check.

20p by ‘23.

Suzy graphene graphite charcoal and diamond or all pure forms of carbon. Graphene as a 1 atom layer thick of Carbon Atoms is very special. I am invested in Versarien and graphene is their game. Sadly - a bit like BEM - I got in there at the wrong time! Oh well, like BEM, I hope patience can be a virtue, as BEM now comes good.

Time will tell Smart. If the revenue for 2021 is less than $3.29M (the 2020 number) there is no share bonus for the exec team, meaning there‘s a lot of catching up to do by the end of 2022 when the share bonus scheme expires. I hope they do that, as my mantra of 20p by ‘23 is at best only 11 1/2 months away!