Member Info for GoldenI

Unusually quiet on here, considering that today we have the GM and following presentation.
Feels like everyone is waiting to see what transpires, especially during the Q&A session.

AJP
I expect the format of presentation and presenters to be unchanged - seems to be the style they like to use.
I would have thought it most likely to see a European facility being proposed, as that is where the sales market currently exists outside of the USA - but just my opinion. I acknowledge that Asia is a large potential market, but I guess there has to be a decision made between cost of production in Europe or Asia versus transport costs and security of supply, production, and distribution. This is the problem of being the 'middle man' in the supply of the end product.
Like you, I am hoping for big things to come from ITX over the next few months. It would be good have to at the very least an update on the progress with the superabsorbent - this is now so crucial to the rapid expansion of the company.
IMHO

Today was the Response Date for my broker to action. Elected to take my full offering - and trying for a few extra to round up.
I hope these extra funds are going to be put to good use - just a week to find out what the plan is, all being well.
Whilst it appears to be a lot of new shares in percentage terms, I guess that once the consolidation takes place it will again look like there are not that many shares in issue overall.

Good to see a plan in place. Let's hope that the market share price remains above 5.1p so as to make the open offer attractive - I would buy my allocation through the Offer if that is the case.

Considering the large number of shares in issue, it always surprises me how much the share price seems to jump around on very little percentage of shares traded.
I can only rationalise this by thinking that the immense potential of the Cambay Field has to be the driving force.
IMHO

Seems to have been quite an uplift in share price late in the day - hopefully a sign of things to come.
Would be good for true value to start to become evident here, but patience should be rewarded - IMHO.

Speaking of where were you, is Chesh still invested here?

Tig
Condolences on your sad loss. We are all sending you our very best wishes

Re my remarks from July/August this year:
PARTIAL EXTRACT.... "As part of the purchase agreement with the previous owners of Itaconix Corporation, a contingent ... deferred performance related consideration will be payable to the Itaconix Corporation shareholders, subject to the achievement of certain growth targets ... based on 50% of incremental annual net sales value ... in excess of the prior year...
The deferred performance related consideration is capped at $6m in aggregate. Such deferred performance consideration, if any, will be satisfied annually entirely in ordinary shares of Itaconix plc "
Seems that performance was linked primarily to volume rather than income or even profit (depending on definition of 'certain growth targets'), but as the consideration is paid in shares, you would hope that the beneficiaries' interest is best served by keeping a decent margin on sales.
Even if there is a payment of full amount available for this (final) year of the scheme, you would think that there would be an issuance of only a small percentage of new shares, and predominantly to individuals who have a vested interest in seeing the company continue on a path to profitability.

will be nice to see a reset and fresh start.

Still a relatively small free float, JS invested personally, fairly slow take-up of ITX ingredients but then reasonably 'sticky' demand for re-orders. So much about this company to like - I just hope that the margin income is adequate and the firm or not too reliant on volume.
Good to see continued efforts to discover new applications for the acquired knowledge bank being accumulated by the team .

Sausage
There was the 1 Dec RNS telling us the parts had been ordered with PCM and delivery times being agreed

Mushy
Sorry to be the bearer of bad news, but Harry sent the ball in the same trajectory as we hope to see the GGP share price follow.

Nice find Mister.E - from ASX announcements?
Good to see progress being made, and a little more income.

Trading halt until earlier of A/Announcement or B/ 21st November - Monday, UNLESS decided otherwise.
Indicates that this will hopefully be fairly soon.

Thanks MF11, interesting pictures too.

A bit of a reality check is needed, IMHO.
1/ cash burn - the extra lifting/tubing will incur an extra cost - but hopefully a subsequent increase in income.
2/ if 3-6 months is anticipated for the JV, why expect it in 2 months? Do you not remember the speed at which matters have progressed in the past few years? If 3-6 months is stated, then that is fully what I would expect.

Bit of a strange time to be getting this RNS, but at least it has a very positive spin to it.
Wonder what will happen to the SP overnight in Oz.

How much will it cost to get any gas from the wells at the correct pressure for the high pressure grid in India? Sales price differential is significant.

James
Technically correct, for 2 reasons.
1. Funding is agreed in principle, subject to certain conditions, but hopefully should not be a problem. Banks still need to lend to make some margin income.
2. If I remember correctly, SD stated we should be in a position to be fully funded - but a caveat around no substantial changes to costings. I hope that the FS does not deviate costs too much from the PFS, but with production of gold getting ever nearer, you would hope that this would not present any major difficulties either.
Everything should be pulling together nicely - saying we are not fully funded is just like comments 12 months ago that there was no definitive decision to mine - but there was a dirty great hole in the ground, and commencement of a mine shaft in place.
IMHO