Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Thordon I share your general optimism which is why I keep topping up while the price is what I consider absurdly cheap.
I recall John said in his last Q & A session that it was very difficult to draw any conclusions from shipment data as they receive their raw materials from multiple sources. However, I tend to agree with you that the numbers appear to have increased significantly. I suppose this is to be expected to meet growing revenue predictions. However, I also wonder if they have over stocked as a hedge against any future China supply issues. Hopefully I’m being over cautious in my thinking as I would much rather you are right lol
Just in terms of expectations….
After the last trading update in September 2022 the forecast for 2022 was upped from $4.7 to $5.2m and the forecast for 2023 was upped from $7.6 to $8m.
So anything over $5.2m would be a bonus
Fully agree 7veronic there is so much cooking at Itaconix that 2023 should be a very exciting year for investors. Hopefully continued progress at Itaconix will also combine with a return to a Bull market as 2022 has been brutal.
I had the nice surprise of an extra 15,000 shares appearing in my account this morning as I forget I had set a limit but before the holidays lol
Just thought I’d mention my highly suspicious behaviour of buying shares in a company I believe in and announcing it on here lol
No bloody wonder the stock market close early. Doh!!!
Trying to buy 15,000 at 4.3p but still showing as pending. Never had a problem buying on interactive investor before. Interesting!
interactive investor showing a buy price of 5p and a sell price of 3.5p. I’ve never seen a spread that big before. Suggests some very big transactions. Will be interesting to see what trades appear later
My purchases are not weekly. I top up as and when I can afford to as I believe 100% in Itaconix. Posting that I bought 10,000 shares for £425 is hardly going to influence the share price! I always post my update before the trade appears in the list of recent trades so they are not made up.
Buying shares when they are at their low point is how you make money. No one can predict the exact bottom but that really doesn’t worry me when I see the shares being worth 20p within 18 months.
I believe there’s a high possibility the trading update in January will be earlier than the last January update. The July 2022 trading update was 2 weeks earlier than the July 2021 update. So if the same applies to the January update this would bring it forward from Wednesday 26th January 2022 to Wednesday 11th January 2023. So potentially we could be just 3 weeks away from this very important update. However, with holidays to contend with I think 18th January is the most likely date.
I remain extremely positive for what the New Year will bring at Itaconix and with that in mind added another 10,000 shares this afternoon. Every little counts!
GLA, wishing you peaceful holidays.
Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
Most grateful to whoever has offloaded 300,000 shares today as enabled me to add another 18,000 at just 4.2p. What was interesting is that it took a long time for my buy to go through which makes me think there are others taking advantage of today’s amazing discount
Thanks Dougerboy now that makes sense!!!
JD what you’re saying is fine for an established company with a large turnover but for a company the size and turnover of Itaconix a major new customer or product line is a big deal and personally as a shareholder I would like to be informed.
Still doesn’t answer the delay to the share consolidation.
I am very surprised that there has been no RNS regarding new products or customers which were on the timetable to have occurred by now.
I think that these have occurred but for some reason Itaconix wants to leave it until the January update. Likewise they have chosen to “delay” the share consolidation. This was agreed in the summer AGM so however you paint it they have chosen to delay it to next year.
I wonder if there is some financial benefit to the company to keep the share price low until the New Year?
On a more positive note I believe the January update will therefore contain a lot of positive news which has been held back.
Hi AJP I will be satisfied if Itaconix hits the new $5.2m target as that means it is achieving its trajectory and well on the way to break even at the end of 2023. Anything above this is a bonus.
I think it’s increasingly looking like we will have to wait until the January year end update. This might explain todays mini sell off. I will be adding more shares at this price as I am very confident the January update will be a good one. I just have a really good gut feeling that the share price is going to surge by end of January. I feel a lot of good news is being held back until the January update and that will provide the catalyst for an excellent 2023. The switch from Bear to Bull market in 2023 will also help matters. All IMHO of course. GLA
Powell’s shift tonight is small but massive. I’m calling the start of the new Bull run. If Itaconix deliver a trading update in January in line with expectations this is going to seriously shift upwards. After a brutal 18 months our patience will soon start to be rewarded. All IMO of course. GLA
Nice to see a solid green week with buy price up to 5p. Even if the next RNS isn’t until mid January then I expect to see upward price action in the run up. This alone could see us up to 7p which is a 40% return. Then depending on the trading update who knows where the share price will go to.
Very pleased I topped up below 5p and trying to convince the wife to spend “Christmas present” money on more ITX shares lol
Another great find Thordon. Do you know when the new product formulation commenced approximately?
1,158,022 shares traded today. That’s at least 5 times the usual daily average and the largest amount of shares traded since:
5th October when there was an RNS
14th September there was an RNS
Could just be a fluke but fingers crossed news is on the way!
Elsol you hit the nail on the head! The IP is immense and I am also expecting a surge in share price early next year. Progressive revenues will bring us closer to break even during 2023 and also the company will soon be able to pick and choose which are the most profitable elements of its business. Itaconix has such an incredible range of IP protected environmental solutions it it staggering and these products are getting rolled out daily as Thordon’s excellent research shows.
Then add on to this the shift from bear to bull market in 2023 and its game on. I agree with AJP’s timings on when we are likely to move to profit and remember the markets are forward looking so even if it’s 2024 when we start to see profit that really isn’t far away.
By next Spring I predict we will see a share price routinely in double figures so I will HOLD and ADD while this stock remains at bargain basement price. As AJP has previously mentioned there is strong support above 4p so I think this is as cheap as it’s gonna get. GLA
Good spot AJP. Itaconix and their products certainty getting around!