Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Me too Smart. Why do that? Maybe funds needed - the economy is tough at the moment. We are on the rev. growth curve - just need now to get the profitability curve into catch-up mode.
John Shaw - if you read this stuff - unprofitable growth turns attention (factory capacity) away from more important customers. And if the important ones are battering the margin, then get on the blower to the top people to tell them to get real. Customers/consumers will pay for the environment.
Anyway, sub-4, and I’ll buy some more! What’s happened to my 20p in ‘23…
Not sure AJP; I like to think any future RNS releases will contain significant commercial info - so I’m hoping for something like „as a result, of our most recent patent award, we have contracted with…“ etc etc
That would move the share price. Just announcing they now have it, wouldn’t do much, significant as it is.
Thanks for your this AJP; the GM needs to improve. $1.5M of Gross Profit from $5.6M of revenue needs to improve. At that level we need to add north of another $5M in revenue just to get close to break even. We are on the revenue growth curve for sure, so it’s coming, but more profitable growth would be better!
Good questions AJP. You don’t need to ask us, just the board. Your questions are very prescient and questions which Executive Directors of ITX presumably know the answers to! I’m not sure that such answers, however, for sensitive commercial reasons, will be shared with us mere PIs. Nevertheless, where strategic statements have been made eg. on BIOAsterix etc. the company should be making statements as to the successful progress (or otherwise) of such strategies. And in that mix SHOULD BE AN UPDATE ON THE REVENUE GROWTH CURVE (presented a few years back) AND B.E. Expectation.
I remember thinking YEARS ago DFV, Amazon, losses year in year out, what a dog, doomed to fail! Wish I’d bought that disruptor at the time. I doubt ITX is an Amazon, but a disruptor, yes, which takes time - often a lot of time to get to the tipping point. We can’t or shouldn’t! be too far off that now, I hope! For all LTH’s.
Looks like the Chemtan connection goes back some 10 years. Checkout page 9:
https://www.bio.org/sites/default/files/legacy/bioorg/docs/itaconix%20@%20bio%20wcib%20june%2017%202013_john_shaw.pdf
Nice one AJP. I like his opening comment „I spend my Saturdays going up & down the aisles of grocery stores trying figure out how to increase the amount of plant based Product on the shelves and increase carbon sequestration.“
A CEO at still the coal face on his day-off. I like that.
Yep I get that MDM. The company nailed their colours to the mast a few years back, zoning in on target markets & growth plans with a stated & expected revenue growth curve - which we are clearly behind, but given the dislocating nature of this new ingredients business & selling cycle times to convert big FMCG, I’ve been and am prepared to sit fast. 2023 really should be the year of break even though.
Hi MDM, I include live presentations by the CEO also as valuable pieces of communication to investors. There was one given by the CEO on 22 February, which isn’t all that long ago. And certainly a lot more recent than September last year. The probability of there being “bad news”,given that new investors have recently put in £10.5M to come on board, I would say is low. Time will tell!
I noticed that too AJP. We are certainly due some news, which needs to relate to how we are progressing - and it needs to be progress - along the growth curves in the started markets, whose sizes John Shaw is often keen on reminding us of.
Nice one Rendj. And this line from the 2014 Patent link below explains why:
„It has now been found that the polycarboxylic acid polymers herein having 13C NMR triads having a syndiotacticity of greater than 58.0% and/or Mw values of at or above 20,000 g/mole, offer significant improvements to the retanning of leather sourced from animal skins and/or synthetic leather.“
Very interesting indeed. We’ve just discovered that Chemtan in NH has imported on behalf of Itaconix 100.000Kg of raw material last month. Chemtan’s main business according to its website is a manufacturer of leather treatments and includes Timberland among its clients. Based on the link below, the connection between Itaconix & Chemtan may run deep. Let’s hope deep & meaningful!
https://www.freepatentsonline.com/y2014/0259439.html
Just made another purchase based on this:
https://importkey.com/search/ITACONIX%20CORP
Factory keeping busy. Or busier!
Yes Rod I get that logic too. TRX has 7Bn+ shares in. Issue - I can’t see that happening here, god forbid. Now that £10M + is in the bank, and with things happening, perhaps the share price will consolidate itself. I hope so, as LTHs, we’ve all been waiting patiently. But then, some things are worth waiting for.
Golden, I have to say, share consolidation is nowhere on my radar. For me, that is not relevant and those things will take care of themselves. What is highly relevant is where ITX is on its own/analyst’s ITX published growth revenue curve.