Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Wacca - good point made here.
I've looked into this and there is definitely a wet wipe on the market, which professes to be biodegradable (see link below) .
https://kitandkin.com/collections/nappies/products/baby-wipes?gclid=CjwKCAiAgvKQBhBbEiwAaPQw3J96fitawlbhaG4l75PvylcVYA-vAhVYOxB3hFXDIDyP9qyr3WmccxoC9g4QAvD_BwE
It's worth noting that this product includes an ingredient 'dimonium chloride PHOSPHATE'
As we know, ITX is attempting to replace phosphate-based ingredients in dishwasher detergents.
So perhaps, ITX has discovered a potential market replacing phosphates in biodegradable wet wipes?
GLA...
Tricky - it doesn't take a genius to realise that you have little, or no understanding as how to appraise a company for investment purposes.
Your comments such as, the Government "tightly control, restrict and monitor the profits made by private companies" is total nonsense. This is NOT how capitalism works in a democracy - this isn't Russia (thank goodness!).
The Government were not even concerned about the billions of pounds squandered by the NHS, when buying faulty PPE products in the early days of the pandemic. So I doubt if 'Big Brother' will be keeping an eye on small companies, such as TLY, whose care services account for a few crumbs of the NHS eye-watering budget.
And frankly, I reckon TLY would bite your hand off to get 'a few crumbs' every year from NHS's annual budget of £200m plus.
Assuming you understand that cash is king in any business, an indicative sign of true success is being able to convert paper profits into hard cash.
So Trixie, here are a few salient facts about TLY, which you may wish to digest:-
Since March 2020 (when the Covid pandemic was about to begin with the resultant global economic downturn):
1. TLY's annual trading loss of £3.1m (2019/20) was completely eliminated and it actually posted a £250k profit for the ye. 31 March 2021.
2. Net profitability continues into 2021/22 with a trading profit in H1 of £900k.
3. Cash balances have more than doubled from £8.9m to £18.3m (@ 30 Sept 21) and that is AFTER payments to shareholders of two dividends totalling £900k.
4. Current borrowings reduced by a further £1m.
What's there not to like here?
GLA
Let's hope that JS and FinnCap have been reading this BB over the past few months and lessons have been learned.
If JS is only going to regurgitate known news in a different guise, then the SP will continue to drift.
The same will happen, if there is nothing new to announce. But then, why have a presentation, if that is the case?
Optimism and certainty is the name of of the game - here's hoping for tomorrow with fingers x'd.
GLA
Justified nervousness ahead of Wednesday's presentation, IMHO.
Hopefully JS will break the mould of past presentations and be a little more informative and upbeat about the future.
My only worry here is that, based on past presentations, JS has a somewhat laconic and reserved manner, when delivering both his presentation and the subsequent Q&A session.
Only seen the SP go lower following one of these events, so here's hoping for a better outcome this time around.
GLA
https://www.ulprospector.com/en/eu/Cleaners/Suppliers/17776/Itaconix-Corporation
...and ITX have known it for a long time!
https://www.safehouseholdcleaning.com/phosphates-cleaning-products/
Still seems like an imminent institutional placing to me.
At 3p, it was probably too low a price and a disproportionate dilution of other shareholders, who aren't invited into the placing process (i.e. most of us).
So perhaps there have been some strategic 'buying opportunities' created at these ridiculous low levels to get the SP to a price more in line with the Company's true market potential.
Hopefully, all will be revealed in the coming days / weeks?
Something's afoot....
Eddie - good morning!
Let's play your game - you carry on dissing TLY for no reason and I'll do the same with TRMR?
TRMR down again today to 534p on 33 trades. I'd rather see 3 boring trades on this BB. As they say, "no news, no moves!"
Eddie - get it into your head - this is not a trading share, for most of us it's an investment. Yes, only 6 'trades' today, but of those, two quality buys - 260,000 shares and 150,000 shares respectively. Oh yes, and late last night, there was another purchase of 500,000 shares.
You need to be reminded that when running a business "Cash is King". More contracts converted into cash is what LTHs want to see.
Patience is even rewarded with dividends (something TRMR has failed to pay). And talking about TRMR, on 11 November, it announced "best ever third quarter profits in Company's history", since then SP has plummeted 30 per cent - explain that one?
Good morning Eddie - pleased to see you're still alive and kicking STT1 on this BB.
I refer to your quote 21 May 21 on TRMR (with SP @ 822p):
"Stt1,
It's always a pleasure watching you squeal and swirl every time the SP in Tremor moves forward DESPITE all your predictions and doom and Gloom.
"
TRMR now 550p!!!
So who's squirming now?
Moral of the story - be careful what you wish for......
Itacon - now that's a forecast I'd be happy for the Board to achieve..
Don't want to appear a killjoy here, but the anticipated upward movement in SP will depend on the regularity of positive RNSs.
Let's see how long it takes for the Board to make the next announcement...
GLA
At last JS, some reassuring news and a ringing endorsement that the immediate and short-term cash position is being addressed.
Half as many as GGGone, but a decent investment for me, too!
GLA
Final accounts for y.e. 31 Dec 2020 were announced at end of March 2021.
If same timetable this year, we should expect final results by 31 March 2022.
Before announcing those final results, standard accounting regulations require company's auditors to provide a statement that the directors are satisfied there are sufficient cash resources for the calendar year 2022. If unable to do so, the auditors' report will be qualified to that effect.
So another seven weeks to go to inform / reassure shareholders of the cash situation going forward.
This SP decline has nothing to do with current trading IMHO.
I'm more convince than ever that this unrelenting price drop is all about whether ITX has enough cash to ride the storm.
RNS on 26 Jan made a passing reference to $0.7m cash at year end. With shareholders' concern about ongoing losses with a resultant drain on existing cash resources, a responsible Board would usually assuage shareholders' concerns as to its future cash needs - but nothing to date??
Indeed, the only RNS since then referred to a patent for a new product and again, no mention of a cash problem.
Either JS is running ITX with his head in the sand, or the cash position is under control and no need to worry.
Some shareholders have already decided and have voted with their feet and given up. The rest of us are either staying on through wishful thinking, or giving the Board a vote of confidence by hanging in here.
Time will tell...
Agree partly with Retired Banker.
Main concern for shareholders (in my view) is that the assumed current levels of revenue (without Management guidance) implies continuing trading losses, which being unsustainable, will almost certainly lead to an imminent cash call?
If so, FinnCap will find it hard to fix a price, whilst this SP decline continues. If institutional investors are to be approached for a future potential share placing, why would they want to bail out those less faithful shareholders, who clearly have had enough?
GLA
Now this article (see below) IS interesting and only 2 days old......
It cites ITX as a 'leading key player in the Bio-based Itaconic Acid market....'
http://thetechtalk.org/uncategorized/new-report-bio-based-itaconic-acid-market-in-2022-the-increasing-use-in-adhesives-sealants-finishing-agents-paints-and-coatings-is-driving-the-growth-of-the-industry-across-the-globe/12943/
GLA
Yep, SoundMan - that too...!