IBC Advanced Alloys Corp (IAALF)

[MaxzMillionz]

Good morning Jan, As the critical mineral focus shifts away from China, and the green movement accelerates there will be an expanded need for master alloys. It also makes sense that as the Scandium market grows, someone will need to made SC/AL alloys. What better partner than the worlds largest producer of Scandium. I am confident it will get above $1, it’ll just take some time.

[Hollandjan]

I agree Max, I still expect a sp around $1.

[MaxzMillionz]

Mark has a responsibility to the investors of both companies, so the aquisition price will need to be justifiable. A rule of thumb for a buyout is 8x EDITDA. Using 2022 financials that would be about $0.18/share. It makes better sense to continue to turn the company around and get the EDITDA numbers up before entertaining a buyout.
JMHO

[jomtom]

Let's see how the news from niocorp will blast the sp here!!!

[Tante Duracel]

That would be an interesting number to know, indeed!

[Advocate77]

I also consider a buyout (or a merger with Niocorp) very possible. I just wonder what would be a reasonable buyout price per share.

[Rader1977]

Unfortunately, this is a small company without a lot of exposure. The good news we see may not make it to the broader retail market, and it's unlikely IBC is on the radar of institutional investors.

The good news is that because this is such a small company, a surprise PR announcement can impact the share price significantly once people become aware and start scooping up shares.

With such a low average daily volume, it doesn't take many buys to influence the price, as we're seeing today.

I see IBC as a prime buyout target. A bigger corporate entity may be interested in buying out the whole company, which would be great for our investments here.

[Hollandjan]

I thought that the results were good, but according to the stock price not. Now I am confused....

[monocle]

IBC Advanced Alloys Reports Financial Results for the Quarter Ended December 31, 2022


Highlights of the Quarter As Compared to the Prior-Year Period
(Unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars.)


Consolidated sales strengthened by 5.2% and were higher sequentially by 26.4%.

Copper Alloy division sales soared by 76.2%, its 5th consecutive quarter of rising sales.

Engineered Materials division sales were lower in the quarter but improved by 17.1% sequentially.

Operating income,[1] gross profit, and gross margin all strengthened for Copper Alloys and for the Company on a consolidated basis.

Copper Alloys' adjusted earnings before interest, taxes, depreciation, and amortization (“Adjusted EBITDA”)1 increased by 1,041.9% and 430.2%, respectively, in the quarter and year to date.

IBC swung to a loss of $395,000, or (0.00) per share, from income of $344,000 ($0.00/share) from the quarter ended December 30, 2021.


FRANKLIN, Ind. (February 28, 2023) – IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces its financial results for the quarter ended December 30, 2022.

On a consolidated basis, IBC sales strengthened by 5.2% in the quarter over the prior-year period and were higher sequentially by 26.4% over the quarter ended September 30, 2022.

Copper Alloy division sales rose by 76.2% as compared to the prior-year period and were higher by 50% year-to-date over the comparable period of 2022. This marked the fifth consecutive quarter of rising sales for the division.

Engineered Materials division sales declined by 54% year-over-year (YoY), driven largely by lower demand for beryllium-aluminum products used to manufacture semiconductor chips. Sales of those products in prior-year periods were at historic highs. However, EM division sales in the quarter ended December 31, 2022, improved sequentially by 17% over the quarter ended September 30, 2022.

Operating income1 for Copper swung to a gain in the quarter over the prior year period, as did the Company on a consolidated basis.

Gross profit in the quarter soared in Copper by 508% over the prior-year period, and was higher by 27.5% sequentially over the quarter ended September 30, 2022.

Copper Alloys' Adjusted EBITDA1 increased by 76.2% and 29.7%, respectively, in the quarter and year to date, but decreased in the Engineered Materials division for both periods, as did the Company on a consolidated basis.

IBC swung to a loss for the quarter of $395,000, or ($0.00) per share, as compared to income of $344,000, or $0.00 per share, in the quarter ended December 31, 2021, and a loss for the six-month period ended December 31, 2022 of $2.4 million, or ($0.03) per share, compared to a loss of $237,000, or ($0.00) per share, in the comparable prior-year period.

“I was pleased to see IBC sales improve in the quarter, despite the fact that it was another challenging quarter for our Engineered Materials division," said Mark A. Smith, Chairman and CEO of IBC. "However, Engineered Materials is showing improvement now with yields strengthening, sequential sales rising, and sales leads growing."

"Our Copper Alloys division continues on a very strong growth trajectory with strong product demand and continuing production capacity expansion," added Mr. Smith. "We are really starting to see the benefits of the facility consolidation and expansion that we completed last year, and I see continued growth on our near- and long-term horizon for Copper."

Full results can be seen in the Company’s financial statements and management’s discussion and analysis (“MD&A”), available at Sedar.ca and on the Company’s website at https://ibcadvancedalloys.com/investors-center/.

[Hollandjan]

Let's hope for some very positive news and a higher SP. We need it.

[Rader1977]

Earnings announcement soon? March 1st last year. I'm curious about the "confidential" L3Harris contract announced in November.

How much revenue did that bring in?

[Rader1977]

Earnings announcement soon? March 1st last year. I'm curious about the "confidential" L3Harris contract announced in November.

How much revenue did that bring in?

[th6565]

Happy New Year 2023.

As custodian of my grandson account we became shares holder on 12 /30 / 2022.

[NEgoodlife]

Thanks for posting. This is better than a convertible debt arrangement at a trailing average SP conversion rate with them I guess. Lots of work and some dilution for not a lot of cash still. I’m hopeful we’ll see more consistent positive cash flow and be out of this situation going forward.

[monocle]

Over 2 weeks later and it finally closed. Lind was the primary investor.

Pursuant to the Offering, the Company issued 11,269,444 units of the Company (the "Units") at a price of C$0.108 per Unit for gross proceeds to the Company of approximately C$1,217,100. Each Unit consisted of one common share of IBC (each, a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company at a price of C$0.135 until December 30, 2024. All of the securities issued pursuant to the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws.

Proceeds of the Offering will be used for working capital and general corporate purposes.

Lind Global Fund II LP, managed by The Lind Partners, LLC, a New York-based institutional fund manager, led the equity raise for IBC by purchasing 6,944,444 units of the Company for gross proceeds of approximately C$750,000.

"The Lind Partners is pleased to make this additional equity investment in IBC Advanced Alloys, as we see strong growth potential in the multiple specialty alloy markets that IBC supplies," said Jeff Easton, Founder and Managing Director of The Lind Partners. "IBC's recent consolidation and expansion of its Copper Alloys operations, which Lind supported, appears to have been made at the right time, given the increase in order flow they are now experiencing."

“We have greatly valued the continuing investment and partnership that the Lind Partners has provided to IBC on our path to growth and profitability and continued service to our hundreds of customers across the economy and in the U.S. national defense sector,” said Mark A. Smith, CEO and Chairman of IBC.

[ColdDarkHole]

annnnnnd thud.

[bernice]

Yes i see. We are 20 % in red.

[Hollandjan]

Yes, you are right. But it takes a long time, much longer as expected...

[NEgoodlife]

Must be a pre-arranged deal with few parties. Somewhat disappointing that they are not cash flowing enough to use short term debt (revolver or something similar) at this point. I’m still optimistic long term though.

[monocle]

Announced today expected to close tomorrow?

[monocle]

IBC Advanced Alloys Announces C$1.0 Million Non-Brokered Private Placement

[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]

FRANKLIN, IN – (December 13, 2022) – IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it intends to offer, on a non-brokered private placement basis, up to 9,259,260 units of the Company (the “Units”) at a price of C$0.108 per Unit for gross proceeds to the Company of up to C$1.0 million (the “Offering”).

Each Unit will consist of one common share of IBC (each, a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.135 at any time prior to the date which is two years following completion of the Offering.

It is anticipated that the private placement will close on December 14, 2022, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The Offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the Company may designate, and otherwise in those jurisdictions where the Offering can lawfully be made, including the United States under applicable private placement exemptions.

[CritM3]

Monocle, yep not the best news in the report, but still I think the company will heat up coming from the DOD side. I don't know what to say about the rest. I haven't gotten to the webcast yet, but will shortly. The share price is very tempting if you believe they are in a hiccup phase, but growth to follow.

[monocle]

Quarterly report wasn't good

https://mailchi.mp/ibcadvancedalloys/ibc-advanced-alloys-reports-financial-results-for-the-quarter-ended-september-30-2022?e=cd1c49f588

Here's an update from today that I haven't watched yet

https://mailchi.mp/ibcadvancedalloys/reminder-live-ibc-investor-webcast-today-at-1-pm-eastern-6168647?e=cd1c49f588

[CritM3]

Thank you Walter, those kinds of deals certainly will be the bread and butter base for quite a few years and lucrative. Will be anticipating the next quarterly report with rising sales in defense.
" IBC’s work in supplying BeAl components to L3Harris is in the early stages, and the Company expects that it could lead to significant and material amounts of sales of IBC products in the future."

[walterc]

and this one

https://ibcadvancedalloys.com/ibc-advanced-alloys-selected-as-supplier-for-l3harris/

[walterc]

https://ibcadvancedalloys.com/ibc-advanced-alloys-wins-2-9-million-in-new-defense-sector-business-for-specialty-copper-alloys/

[CritM3]

Agree with you, ridiculously low! I'm not seeing info on those contract you mentioned. Got a link?

[walterc]

2 new contracts today for IBC..

shareprice is ridiculous given the potential.

[NEgoodlife]

?? I do believe that's part of the long term play here. Just like Advocate stated - requires lots of patience.

[Advocate77]

Indeed. With a market cap of just 11 million, wouldn’t IBC be the ideal acquisition for NB in the near future?

[5miltarget]

Mark said "...Strong demand from the semiconductor equipment manufacturing industry continues to drive higher sales for our beryllium-aluminum alloy products..."

I wonder what sales would look like if one of the the aluminum alloy products was with a critical mineral. Like say.... scandium?

[Advocate77]

Thanks for your extensive feedback. The fact remains that investors expected IBC to make a profit per share and they still haven’t achieved that, hence the renewed decline in PPS. Seems we have to wait at least another quarter for the real turnaround. Lots of patience is needed, just as with NB.

[NEgoodlife]

My skim and response was too quick. I need to correct myself. The copper division didn't have a COGS issue as their margin actually expanded a lot in the Q. The issue there was revenue growth because they had supplier availability issues that impacted sales. The COGS issue for the Q appears to be in the Engineered Materials division, but at the same time, that division performed very well year over year. You can see the interest and depreciation expense impact from the facilities and equipment projects, but I see those as good things and that's why you look at EBITDA.

[NEgoodlife]

Did you read the financials? I just skimmed them in 2 minutes. Easy to see they narrowed their year over year loss. Their adjusted EBITDA is up substantially year over year. Their copper division held them back in the last Q. Guessing COGS related, but didn't look. Their investment in new facilities drove some of the year over year differences. That's not a bad thing and that's why you look at adjusted EBITDA. I'll take a deeper read as time allows. Have a great Friday.

[Advocate77]

Here we go: The company is still not working profitably…
https://mailchi.mp/ibcadvancedalloys/ibc-advanced-alloys-reports-financial-resultsfor-the-year-ended-june-30-2022?e=cd81e4d9ec

[Dead On Arrival]

The stock has been in a 15 cent range for over 5 years. I would say the storm is an afternoon drizzle. Earnings released and nothing to write home about.

[Advocate77]

Is this the calm before the storm here on IBC???

[douginil]

Thanks monocle for posting that link.

[monocle]

Definitely worth a listen, other uplisting, expansion, and collaboration with Niocorp. Mark sounds very upbeat.

[monocle]

IBC investor webcast from 5/31 recording.

[CritM3]

Shaping up nicely. Looking forward to more good news through this year.
Mark Smith, "As long as we continue to execute, grow our sales, reduce unit costs, and achieve new levels of operational efficiency, I believe that IBC is likely to beat many expectations in 2022 and beyond."

Company to host live investor webcast at 1 PM Eastern, Tuesday, May 31, 2022.
Registration is here: https://attendee.gotowebinar.com/register/1862211381517756687

[monocle]

Looks like another great quarter as the copper division continues to ramp up production at its new foundry.

https://mailchi.mp/ibcadvancedalloys/ibc-advanced-alloys-reports-continued-profitability-in-the-quarter-ended-march-31-2022?e=cd1c49f588

Looking better and better here.

[NEgoodlife]

Nice timing X! It feels like this one is flying under the radar. The exec management team (much the same as Niocorp) has done a great job with key changes over the last few years that are driving more profitability. Could be very interesting when Niocorp gets funding and produces goods for IBC to utilize. Potential path to filling latent demand. BTW, thanks for your many contributions to the LWLG board. I follow that closely too.

[x993231]

I opened a small position in this on Wednesday 18.5 and 19

X

[monocle]

Nice to see some volume again and good riddance to that wall at .19

[NEgoodlife]

Solid, steady progress forward. Consolidation of facilities and upgrades in equipment are leading to higher volume and more efficient output to meet rising demand for products. Just read recent news releases.

[paul_dirac]

Is there a cause for the recent stock price increase?

[Slashnuts]

The Volume Continues, Looking Good!

Recently replaced the driveshaft on a piece of equipment. I was surprised to learn the retaining clips were made of a copper beryllium alloy!

Good Luck To All!$!$

[5miltarget]

I hope to see at least $1-1.50. I am optimistic.

[papapradhan]

Been waiting a long time on this one but, yes, I do think we have made a 3 point turn and are heading in the opposite direction. Hoping this is the year of mark smith getting it done.