Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Gordon
No investor can avoid being frustrated that something that was forecast to take a few months ends up being more like a year.
For the flow rate comparisons, is that not at the insistence of the governmental agency who will have to approve any JV partner?
Feels very much like we have arrived at the Last Chance Saloon.
Let's hope for good results. Just a shame we are having to use this procedure on an older well, but at least it gives us a starting point to see what might be possible going forward.
AJP
Was not all of this related to the original 'purchase' of the company, as subsequently amended? So although technically remuneration, it was actually a kind of deferred goodwill?
Pleasing also to see that money gained by the fund raise is not being squandered but used very responsibly. Clearly it would be better still if the money could be turned into rapid expansion and speedier arrival at overall profitability, but having a cash cushion allows the company to concentrate on what it does best without having to worry excessively about cash flow.
I own penny shares, largely because of a hoped for upside potential from the investment. Never envisaged the ITX shares becoming valued at circa £2 by means of a consolidation - but will hold onto them for now.
This is a well capitalised share (about £10m from share issue a few months ago), key personnel have skin in the game, and IMHO prospects are good. A little slow to realise value, but steady increase in number of products using the key ingredient bodes well for the company going forward - if they can get margins correct and the right balance between repeat sales and R&D.
Here's hoping this is the start of a proper uptick in the share price.
Good to see that the increased turnover is now starting to have a more positive impact on the bottom line.
17th May end of day you could sell at .15, 18th May after announcement of first round of carbon capture sell at .12 - a reduction of 20%.
Today there is news of acceptance for a carbon capture scheme, and so far the share price has stuck at a 13% or so increase (not 20%v anyhow) - seems typically loaded against shareholders!
He knows his stuff - I would rather hear Jon delivering information in his style which I trust will be accurate and informed, rather than having something more eloquent but with potentially less insight.
Somewhat disappointed with the share price reaction, but probably a few rainbow chasers deciding the results were not dramatic enough.
I will be most interested to hear what Jon has to say about (a) the value being created by the 10m fundraise, and (b) progress made and required to be made - together with expectations -for the superabsorbant product(s).
5 June final results for year 2022.
6 June at 1300 investor presentation.
We should get greater clarity as to progress at the event, one would hope.
Is boredom setting in with the lack of news?
Here's hoping JS is using OUR 10million wisely and has something good to tell us in the near future.
Over 1m shares traded today, but very little movement again in the share price.
Seems to have become range bound of late - between 4.4p and shy of 5p.
Would be good to get some positive news of progress with product development, sales, how the £10m is actually being used in a productive manner, and what is happening with the proposed consolidation.
Cyp
Similar for me - I first bought in Dec 18, added at 16.7 in May 21, and continued to build since.
I like what the company does, but that can sometimes be dangerous as it has the potential to make you a bit blind to any potential downside.
I hope that the time is now right for this company to truly blossom.
Blood Test for bowel cancer was the first item on the BBC lunchtime news today.
CIZ need to get moving with their test - Alan indicating that for the USA market, something like minimum of 6 months will be required for trials, once having the kits ready to go, if I understood what was said.