The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
BlueRock Diamond is among the top ten quality diamonds producers in the world. Although, the diamond market in overall is at its worst period. China is opening up and creating strong demand for diamonds lately according to De Beers. Hopefully, USA will follow.
BRD should achieve its share price to the level of 120p easily, soon if the momentum continues. No doubt. BOD doing their absolute best updating every day. Hope it is not too little too late sort of scenario.
Company must be doing good in-terms of generating more orders as they are hiring more Production Team to fulfill the customers orders on demand to operate the production facilities on 24 hours shift.
https://www.glassdoor.co.uk/Jobs/Itaconix-Jobs-E424323.htm
Hiring more people is always a good sign.
The more delay ITX does to relay the rns, the more closer we are getting for new news as I am hoping we are not just getting interims report only. Some lucrative deals news too. Afterall, we had oversubscribed fund raised including some II's holders and I believe that when there is news released, their is high probability of good news over bad one.
They will be doubling their money before the end of this year. Who knows, may be in few weeks time considering the bod continuous barraging of updates (twitter too) happening pretty much daily. Although, until to date, it's all going in vain as covid is weighing down the overall diamond market. We all know the share price will go north soon to above 100p and more.
When is BRD going to recover those sorts of high carat diamond? Do we have any chance? 12.2 carat looks nothing compare to 233 and 442 carat.
Gem Diamonds Ltd - diamond miner - Recovers 233 carat type-II white diamond from the Letseng mine in Lesotho. Follows recent recovery of a high quality 442 carat diamond.
It's been exactly 2 months of fundraise done. No, news updated by the company. BUT I think something HUGE credible news is getting brewed. John and his team must be working on it. We will get a surprise and when it comes, their will be no looking back like for some of the AIM companies in here in the past couple of months.
What are the sort of rns can we expect to begin the New_Dawn of share price to rise in the upcoming days.
May be :
rns saying new product on the market with new wave (clorox)
more orders from New Wave then previously expected and new clients orders
Interim results stating more increase in revenue-to-date with reduction in expenditure and hopefully adding night shift too to run the production facilities 24 hours in a day to meet the rising demands.
Any more can we add...
I think new dawn is looking for new beginning with itx. He may have lost loads of his money after exiting below .50p when John announced to take company private. He thought he will outsmart the market by exiting- but the share price went up and up only to its previous price. And now it is fully funded- new dawn is regretting and wants to take the price down to below .50p by deramping so that he can get in. But that ain't happening matey. Grow up and move on!! Their are lots of other companies out there where you can start your new dawn if you don't like itx.
I would say 3p is easily achievable hopefully in the next few updates if it is of cash generative. It will value the company near to £13m and around half of the shares issued out of 432m must be with Directors and II's holders (including the recent two) and long-term willing holder PI's. As everyone is guessing, I also think that the recent two II's and also IP group must have conducted their research on the company and that's why they are confident to increase their holding on this company. Depending upon the company performance , i think this should surpass 5p entering next year. But I am worried that now the company is funded through placing, John may go on travelling spree to and through UK from USA and other countries in the name of marketing and winning business, once Covid is eased. Consequently only becoming successful in partnering for futuristic (not the existing company) product and draining the cash instead of generating. Their is webinar proactive presentation from ITX on this Thursday. I think we will hear new good news possibly. Otherwise, their is no point of conducting presentation on what we already know till now. No, more BS JOHN.
Directors took the opportunity to participate in over-subscribed fund raising. They know what is happening in the company and was waiting for the perfect time for everything to line up before announcing this fund raise. Wait for another couple of weeks, they will start producing more revenue and contract increase news and if you are not in by that time, the current share price could be hard to be seen again after that.
ITX came up with new line of BIO*Asterix™ functional additives based product in Feb 2020 whose uses can be ranging from biodegradable plastics to decorative paints. They later signed a join development agreement with a leading innovator in biodegradable pacakaging in March 2020. Not known who they are. But considering Guy Broadbent, 5.6% holder of ITX and Chairman of Acquapack polymer ltd, his company has in the last few days came up with few biodegradable plastic products such as gloves and PPE. Their other product Hydropol is used to manufacture D-Solv plastic bag where Echo Packaging of UK is manufacturing and supplying it in the UK market and are has started to be used across the UK by nurses, care home workers, police officers and GP surgery teams in the fight against COVD-19.
The water-soluble D-SOLV bags – sized W 670mm (26”) x L 800mm (31”) x 25µ – reduce the physical handling of contaminated clothing as they dissolve completely without leaving any residue in the washing machine.
I wonder BIO*Asterix™ of ITX has any role on this. It could be huge potential for more revenue generation to the company if ITX BIO*Asterix™ is involved on it. As ITX is directly not involved in the manufacturing of these product, I am hoping once Acquapack is confident on these product reliability in the market, then they might be ordering more of ITX Bio Asterix chemical. Wishing that BIO*Asterix™ of ITX has a role on it.
Some of the links for more information on latest development news are below:
https://www.linkedin.com/company/aquapak-polymers-ltd?trk=public_profile_experience-item_result-card_subtitle-click
https://www.aquapakpolymers.com/2020/05/01/uk-manufacturer-of-infection-control-bags-increases-supply/
https://echopackaging.co.uk/manufactured-products/d-solv
https://www.aquapakpolymers.com/2020/06/05/blog-the-rise-of-plastic-pollution-from-covid-19-and-the-hydropol-solution/?utm_source=rss&utm_medium=rss&utm_campaign=blog-the-rise-of-plastic-pollution-from-covid-19-and-the-hydropol-solution
What if Itaconix comes up with polymers products blended with anti-bacterial ingredients? The demands and its reflection on valuation of the company especially at this pandemic and post pandemic would be both high.
The Directors are also assessing the sale of the assets too and are trying their best to generate more business to bring in Cash. Along with imminent upcoming news such as new product launch with New Wave throughout US stores, additional funding from US gov or from elsewhere and hopefully new contract signed with new clients, we may hear about acquisition company showing interest to buy in part or whole of Itaconix. Obviously, most of the cases this sort of purchase will be on premium and their must be few giants company with lots of cash assessing cost/benefit considering Itaconix interest in selling its assets.
Mate patient is required and don't sell this time again at loss. We all know BRD should be valued more than what it is at the moment.
There is nothing new news to expect for this company share price to go up any soon according to past information. Mike has announced recently the operation will be at capacity (I assume full operation) by the end of May. Tender is closed so no revenue coming in at all (only cash outflow happening) although they mention in one of the last rns they would be going for international online tender which will open earlier than regular one. Tender house may be open but if there is no buyer, then it will be like Feb and Mar where diamond stock was not sold. Expansion is on hold.
So market is pricing this brd share price correctly to the current information. Let's wait for future rns information or noise of full capacity production start , tender house is open with buyers demand and expansion given green light OR at least wish Directors increase their skin in the company by buying more shares at this cheap price, then it will be a strong day. Till then sit tight and come back in June for one or some of the above news.
CEO has given us clear information that new ITX product (TSI™ 322) will be out within coming weeks. The supply and license agreement with New Wave signed according to Feb, 2020 rns states that this new product was supposed to be out in the market at the end of 2020 where ITX will be supplying 1,000,000 lbs of company detergent over two years. But it looks like the launch of this product has been brought forward and another streams of income is added along with other existing clients order who has also increased their orders due to government putting home stay rules to contain covid-19 spread.
The company received $10,000 grants from US government relief program and has applied for additional funds. I have a feeling with continuous commercial progress and success of company detergent polymers, John will come up with measure to improve cash problem before the end of August.
If itx can get easy loan as announced from government, then what an over-smart move from John that he has to announce it today and wish he could have done the raising without announcing the need for cash which we all knew it. Monkey clever but shareholder balls crack.