IBC Advanced Alloys Corp (IAALF)

[JoeA2]

NEgoodlife, you are mistaken. I was a shareholder in Niocorp for many years, but not anymore. Therefore, Niocorp's management is of no interest to me. I care about IBC having the right management team for the future now.

[NEgoodlife]

Must be another Kirk account. The guy is on a mission because Niocorp (same management team) didn’t hire him. He posts the same “need to fire” management messages non-stop on the Niocorp message board. I ignore it.

[ColdDarkHole]

Welcome! Nobody gives a shit.

Do you own, or your group control greater than 50% of voting shares? No? Then nobody cares. Remember to stay hydrated on your mission.

[JoeA2]

I am a long-time shareholder in this company. Over the past years, I have witnessed my investment continually dwindle to almost nothing. I was a big believer in this management team, but I created an account today to say enough. This management team has proven to be utterly incompetent and as shareholders, we must demand they be replaced. How can we get this process initiated?

[monocle]

Back where it was before news on the latest contract. Wish I would have been able to trade that day dammit...

[Demolition Man]

Some good news I sold IBC when it was trading at .24 a share so made a tiny profit on 1 of the 2 companies from the dynamic dual. Seriously, I want real answers from the people on here. Lets say you have never heard of NB or IBC but started to do research on investing in current managment team. What would you honestly think and do?? Would you invest in Mark and Jim?? Tell us why you would invest money with this current team based on past and current faiures?? Mark has burnt so many bridges with Molycorp bankruptcy and contnues to deliever poor results that most large investors have stayed clear. If I am wrong why has it taken so long to get real money?? Not Loan Shark money? When compaines bring in new blood amazing things can start to happen. I could provide a thousand different CEO stories but this one makes the most sense. Barnes and Noble was about to go bankrupt and guess what in 2019 right in the thick of COVID they brought in new CEO James Duant! This company was left for dead but James Duant brought it back from the dead. How would you say Mark and his team did durrent Covid times?? Financialy Mark and Jim did amazing during these trying times while real CEO'S just figured out how to be succesful. Can you honeslty tell me NB and IBC does not need a new CEO like James Duant or are you comfortable losing 50-80% or more in company share price value??? Tell me again why some of you think Mark Smith is such an amazing CEO ?? If you want to read a story about a "REAL" CEO pleae take the time to read the article below.
https://www.axios.com/2023/03/01/barnes-and-noble-james-duant-ceo

[Dead On Arrival]

I am waiting to see if Kingdon Capital shows up as an investor or were they covering a short. That will a big issue if the latter occurred.

[walterc]

you are very correct.

I appreciate that notwithstanding your selling you still defend Mark's integrity.
I have my strong doubts about the integrity of a previous licensed broker who against the rules of his profession was touting shares on a social network without the normal warnings.
It is a bumpy road to success for Niocorp holders but recent developments are VERY encourageing.

I bet you will be in again in a couple of months

[walterc]

you are very correct.

I appreciate that notwithstanding your selling you still defend Mark's integrity.
I have my strong doubts about the integrity of a previous licensed broker who against the rules of his profession was touting shares on a social network without the normal warnings.
It is a bumpy road to success for Niocorp holders but recent developments are VERY encourageing.

I bet you will be in again in a couple of months

[ColdDarkHole]

yeah it did a little. Hope it holds. Honeymoon bump.

[AlwaysOptimistic]

IBC Advanced Alloys Announces Issuance of Share-Based Compensation to Directors and Officers

https://finance.yahoo.com/news/ibc-advanced-alloys-announces-issuance-110000499.html

FRANKLIN, IN / ACCESSWIRE / July 19, 2023 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSXV:IB)(OTCQB:IAALF) announces that, further to a press release dated June 23, 2023, the Company has issued 3,200,000 common shares in the capital of the Company to its directors in consideration for their services to the Company for the period from July 2021 through June 2023. The shares will be subject to a four-month-and-one-day hold period from the date of issuance.

The issuance of common shares was approved by the TSX Venture Exchange (the "TSX-V") on July 14, 2023.

The Company may issue additional common shares in the future to settle compensation under certain compensation, consulting, and employment arrangements in accordance with TSX-V policies.

# # #

On Behalf of the Board of Directors:

"Mark Smith"
Mark Smith, CEO & Chairman

Contacts:

Mark A. Smith, CEO & Chairman
Jim Sims, Director of Investor and Public Relations
[phone]

[AlwaysOptimistic]

Order went up and the share price also went up. Check the charts since the news release.

[ColdDarkHole]

Orders go up and price goes down. Yay.

[AlwaysOptimistic]

DM, if orders expand and a merger or acquisition by NioCorp occurs, I see the stock down the road in the double digits. I can't however say when. That all depends on mgts goals. Just my opinion.

[paul_dirac]

I think they don't mention the name of the contractor because it's a strategic advantage for the contractor to not mention IBC, or IBC wants to wait for the contractor to come with the news. Leaving it to them to share the news.
Either way, defense contractor are likely secretive.

[monocle]

Shrug, this has happened before and I'm comfortable with defense contractors being secretive. As long as their money is green...

[Wombat2]

This is great news, but I question why they don't name the "major aerospace defense contractor." If they won the bid, why can't they provide the name of the company they've just contracted with?

[monocle]

Halted for good news!

IBC Wins $3.1 Million in New Orders from
Major Aerospace Defense Contractor


FRANKLIN, IN (July 12, 2023) – IBC Advanced Alloys Corp. (TSX-V:IB; OTCQB:IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, announces that it has won a new purchase order for its beryllium-aluminum alloy products from a major aerospace defense contractor. The value of the new orders is approximately $3.1 million, which the Company expects to fulfill in 2023.

“We are very pleased to have received this new purchase order and our team is proud of the work that we are doing to support a variety of defense contractors," said Mark Smith, IBC’s CEO and Chairman. “We look forward to continuing to grow the defense side of our business."

[bcomaha]

Might have something to do with this?? The 1 &5 yr charts are ugly.

https://finance.yahoo.com/news/ibc-announces-share-based-compensation-210000537.html

[Demolition Man]

What the hell has happened to this stock?? I was invested for several years but decided to sell because I needed quick cash. I made a decent profit selling at .21 a share.any thoughts on investing in this again?? It cannot stay this low forever right? Anyone think it could reach .25 again in a couple years? Thanks.

[monocle]

The sale happened on the Canadian TSX.

I'm from the U.S. and come to think of it, I remember my first buy of IBC years and years ago didn't register on the otc, only the tsx. So yeah, I guess I have no idea where the seller is from.

[Rader1977]

How do you know the seller was in Canada?

[monocle]

Big seller in Canada at the open today, 420k bringing it down 33%

[monocle]

I think they still need raise another 600k right?

And if the loan was always an option, why release the ominous sounding news that they couldn't pay the debt and ask for an additional 90 days? This feels like a loan of last resort to me. Don't get me wrong, I'm glad it happened but I'm still feeling pretty apprehensive here.

[Rader1977]

Mark Smith saw fit to loan IBC his own money. I imagine he expects to get paid back. I'm genuinely surprised we didn't see more upward price action after this news broke.

[monocle]

Well this solves a good chunk of the impending debenture debt dilemma.

IBC is pleased to announce that it has entered into a non-revolving credit facility agreement (the “Loan Agreement”) with Mr. Mark Smith (the “Lender”), Chairman and Chief Executive Officer of the Company, pursuant to which Mr. Smith will provide short-term financing to IBC by way of a loan of up to US$1.4 million (the “Loan”), secured by a general security agreement. The Company has also entered into an amendment (the “Amendment”) with the Lender to extend the maturity date on an existing credit facility agreement (the “Existing Loan Agreement”) with the Lender, until December 31, 2024.

The Loan will accrue interest at a rate of 10.0% per annum on the principal amount, with such interest compounded monthly in arrears and payable on August 31, 2023. IBC intends to use the proceeds of the Loan for working capital purposes.

The Loan and the Amendment involve a related party (as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”)), specifically a director and senior officer of the Company, and constitute related party transactions under MI 61-101. These transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(f) of MI 61-101, as the Company is not listed on the markets specified by section 5.4(b) of MI 61-101, and the Loan and the Amendment are on reasonable commercial terms and not convertible into or repayable in equity or voting securities of the Company.
For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark Smith”

[monocle]

Did anybody that met with Mark recently ask about what IBC plans to do in the next 90 days? Thanks in advance.

[Tante Duracel]

Saved by the bell..... for the time being. I hope IBC can cash it's value in a stable long term supplier agreement. I'm heavily invested in this company as I believe in the synergy with Niocorp. Fingers crossed!

[monocle]

They got a 90-day reprieve

https://www.accesswire.com/759402/IBC-Advanced-Alloys-Secures-Temporary-90-Day-Waivers-for-Payment-of-Final-Principal-on-its-825-and-95-Debentures-Due-June-6-2023

[monocle]

The price hasn't dropped all that much, so it seems a resolution is expected. If not, bankruptcy? I wouldn't expect any impact on Niocorp.

[Tante Duracel]

What will happen if no fresh money will be available after the 6th?? What will be the impact in NB sp?

[monocle]

Need to hear something today or tomorrow...

[Advocate77]

IBC disappoints yet again with its quarterly financial report:

IBC booked a loss for the quarter of $511,000 ($0.01 / share) and a year-to-date loss of $2.9 million ($0.03).

The turnaround that management has been talking about for years just doesn’t happen, even with the new foundry up and running.

And it’s clear from the lack of news that they don’t have the slightest idea how to turn this ship around.

[ColdDarkHole]

So another personal loan? No wait... a SPAC!!!!!!

WE NEED ANOTHER SPAC STAT!!!

[Dead On Arrival]

Mark controls that company with an iron fist. I doubt he would give up his CEO position top anyone.

[Rader1977]

I like Mark Smith but he needs to step down as IBC Advanced Alloys CEO. It would be bullish for both IBC and NioCorp, and demonstrate his full commitment to getting the Elk Creek Project off the ground. It's time.

Mark is a mining guy. He needs to hand the reigns of IBC over to someone with experience in the aerospace industry or with a background in government contracts. That's where revenue will come from.

IBC clearly needs a lifeline, and that will only come from sales. Mark has proven he is incapable of generating revenue for IBC. I hate to see it, but he needs to go and IBC needs a new CEO who is all in on this company, not dividing their time between multiple businesses.

[NEgoodlife]

Nice to see nobody dumping shares at the bid.

[walterc]

I may be buying a lot of shares in the next couple of weeks

[Advocate77]

Walter, can you still put a positive spin on that mess?

[Advocate77]

WTF??? Are Mark Smith and Jim Sims intent on ruining both companies in which they are involved?

[monocle]

Trading halt is coded U1 which means

Trading is halted because the OTC Equity Security or the security underlying an ADR that is an OTC Equity Security (OTC ADR) is listed on or registered with a foreign securities exchange or market, and the foreign securities exchange, market or regulatory authority overseeing such issuer, exchange or market has halted trading in such security for regulatory reasons because of public interest concerns

[monocle]

Well this isn't good trading halted

announces a financial update regarding its cash balance, working capital and indebtedness owing under its 9.5% Senior Unsecured Debentures (the “9.5% Debentures”) and 8.25% Senior Unsecured Convertible Debentures (the “8.25% Debentures” and, together with the 9.5% Debentures, the “Debentures”).

The Company’s current cash balance is approximately US$687,600 and net working capital deficit is approximately US$5,153,895 (which includes the principal owed on the Debentures). The Debentures, issued pursuant to a Debenture Indenture dated June 6, 2018 and a Convertible Debenture Indenture dated June 6, 2018, respectively (collectively, the “Indentures”), have a maturity date of June 6, 2023 (the “Maturity Date”), at which time the Company must pay approximately US$2,591,000 in principal on the 9.5% Debentures and US$136,000 in principal on the 8.25% Debentures. If additional outside financing is not obtained in the short term, the Company will not be able to meet its obligations to pay the principal on the Debentures before the Maturity Date, resulting in an event of default under the Indentures.

The Company is investigating options to obtain outside financing to pay the principal on the Debentures, and other alternatives, and has signed a non-binding term sheet with a commercial lender to provide additional financing to the Company, but there is no guarantee that such financing will be obtained.

The Company is also in discussions with the holders of Debentures to obtain a temporary waiver of default for failure to pay principal while the Company continues to seek financing. At this time, there are no assurances that the holders of the Debentures will refrain from seeking immediate enforcement under the terms of the Indentures if the Company does not pay the outstanding principal by the Maturity Date.

[Dead On Arrival]

10 cents

[th6565]

Sorry late to post: As custodian of my grandson account I sold IAALF shares and replaced them with GXIIW.

[MaxzMillionz]

Ideally after they turn profitable and grow the business a bit. I still think this company will make a great value add to Niocorp. After achieving profitability and some descent growth, selling to NioCorp could be a simple as finding a multiple that both boards and sets of investors can live with. I would hope due diligence should be fairly straight forward.

Until then, I’m just waiting patiently.

[walterc]

selling the company only makes sense after we show profitability. When EM division gets back to normal things will change fast. The copperdivision is already dong much better.

[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!!!