IBC Advanced Alloys Corp (IAALF)

[danieldeubank]

I picked up 35,000 shares of IAALF this morning at 0.0725

[Dead On Arrival]

I have not bought shares in the last few days. Last shares bought on 3/5/24 average price .075 in the amount of 27,888. Bulk of my shares were purchased 2/22/24 and 2/23/2024 at an ave. of .0455 in the amount of 172,000 shares.

[danieldeubank]

Did you buy some IAALF shares close to ask DOA?

0.08
DAILY RANGE
0.08 - 0.08
VOLUME
14,500

[walterc]

based on last quarter results the company is heavily undervalued.
IBC has to prove now that they can continue to show the same results.

We heard that this and next quarter will probably be good.

[danieldeubank]

Nice to see some green at the close on IAALF
0.088 0.0114 (14.88%)

[danieldeubank]

Mark Smith is doing due diligence by releasing this information. Look up DMSMS. This information gives the companies IBC supplies time to order additional spares, complete additional “long term contracts”., etc. The need for these parts is NOT going away for the DoD Companies that IBC supplies and few can provide the technology/services they provide.

[monocle]

Did you listen to the last update from ibc? The EM division is unlikely to get back to normal. At the end of the second quarter they will have zero contracts for that division, no revenue whatsoever. They are looking for options to sell or dissolve the EM division but it could be an expensive process.

As for Mark's credibility, it's gone and lucking into a government handout won't bring it back. If it wasn't for the Biden administration's directive to exim, I don't believe he would have any options for financing left. Year after year of missed self-imposed deadlines and multiple feasibility studies have yielded nothing.

Mark called last year a disappointment, what an understatement! He claims to have had doubts about the SPAC merger but went ahead with it anyway and it was an absolute catastrophe. Big dilution, no capital raised, and an 80% decline in market cap. He took this opportunity to get his $4 million loan repaid with death spiral funding from Yorkville. For these accomplishments he took a raise, a bonus, and a fat stack options that will be extremely lucrative IF exim comes through.

I'm glad I got out of niocorp when it was over a buck, kicking myself for not getting out of IBC at the same time. If there is ever a run up with volume I'll dissolve my position and never think of Mark Smith again.

[danieldeubank]

Walter’s comment 1 year ago today; even more valid today.

walterc 03/08/23 1:23 PM
Post #1502 on IBC Advanced Alloys Corp (IAALF)
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.

[Dead On Arrival]

You say when. Nothing is guaranteed. We bought into the word imminent 2019. Fast forward five years and nothing. I thought he was the real deal and had a ton of investors holding shares. Everything collapsed in March of 2023. What really happened is anyone's guess but it happened and the stock got demolished.

Hopefully IBC can get out of it's funk. This is where I look to make an investment. Been here and done that multiple times with poor results.

[Dead On Arrival]

You say when. Nothing is guaranteed. We bought into the word imminent 2019. Fast forward five years and nothing. I thought he was the real deal and had a ton of investors holding shares. Everything collapsed in March of 2023. What really happened is anyone's guess but it happened and the stock got demolished.

Hopefully IBC can get out of it's funk. This is where I look to make an investment. Been here and done that multiple times with poor results.

[danieldeubank]

Mark Smith will not have any credibility issues when the EXIM financing for NB completes. There will be spillover into IAALF since Mark is CEO of both.

[danieldeubank]

We maybe the only ones buying currently.
https://www.otcmarkets.com/stock/IAALF/overview
Buy when no one else wants it…

[Dead On Arrival]

I cannot say the same. I unloaded both of these stocks to save myself a lot of stress. I jumped back in on IBC and the risk amount is minute at these levels. This is a hard stock to make money in as it usually falters. However I was encouraged by the last report and also the possibility that way more business is around the corner with the world in upheaval.

[ColdDarkHole]

We have watched this ticker oddly jump 20-30% one day and fall 20-30% the next day several times in the past. Nobody wants to speak too soon. Hopefully more good news and reliable profits lift this off finally. I'm at the point that if I recover my initial investment between this and NB, its a win. I have never sold a share of either ticker. 😅

[Dead On Arrival]

Stock has doubled on the TSX and no one is even posting. Maybe Niocorp takes them into the fold or the engineering division receives JV money. Lockheed and BAE Systems need IBC for specialty parts. Be awesome to see Lockheed buy out IBC but that is wishful thinking.

[Dead On Arrival]

Mark Smith has a serious credibility issue. It is a shame because the last quarter report was very good indeed for the company. Surprised there was no buying but the state of the engineering division and his comments were a bit puzzling as to what will happen going forward.

[ColdDarkHole]

that was some great news. The market loved it.

[Advocate77]

Light at the end of the tunnel.

[walterc]

happy about the results of previous quarter?

[Dead On Arrival]

I did not know that case had closed. The proposed fine was close to 70,000 dollars. I would imagine that if some employees were exposed to asbestos, they would be filing a suit separately. Who knows. The share price is as low as I can remember with zero interest in the stock.

[Paullee]

That case is a nothing burger. They paid a small fine (under 10,000), changed some procedures and moved on.

[Dead On Arrival]

After what I heard about business thru the nose, never would have figured how the share price is sitting at these levels. I am guessing there will be legal action against the company after the findings and penalties levied against the plant in Mass..

[ColdDarkHole]

We kissing this one goodbye? This has been a good x0.1 bagger. Wheres that Al-Sc ingot? I'm betting it's a nice 98.6 degrees F wherever it is.

[ALDRADJKD123]

Looks like NB has some legal issues brewing. Management being investigated for securities fraud.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of NioCorp Developments Ltd. - NB

https://www.abc27.com/business/press-releases/globenewswire/8978870/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-niocorp-developments-ltd-nb/

[Tante Duracel]

Having the same thoughts....
and lots of shares.....

[ColdDarkHole]

Webcast today and not a single post? No commentary or scuttlebutt? Must have been a real barn burner. It must have been like a root canal for those presenting the tire fire that currently is IBC. I wonder if its a preview for the NB AGM. I do not envy mark smith.

[NEgoodlife]

NB - ticker changed with NASDAQ listing.

[Tante Duracel]

Dear friends; where is the Niocop board???
Don't see it anymore in my favourites!

[walterc]

I have been wrong before.

As long as I am more right than wrong I am happy

[Advocate77]

Hard to take you serious on IBC after you posted THIS in April 2022 (!):

this is becoming a complete different company.. the turnaround is a fact.

You didn’t even bother to identify this statement as your personal opinion!

[walterc]

still invested Advocate and I understand so is Mark.

I am not running away when there are issues and never shoot in my foot like you are doing all the time

[Dead On Arrival]

Not sure they can sell this if major lawsuits are coming from workers exposed to the toxic metals. I am sure this happens at a lot of plants but the company is really struggling at the moment. I did exit this stock awhile ago and never made any money holding a position in it. Still have friends that own it and it is too late to sell. Maybe take a tax loss this year but what a mess. Mark has too many projects on his plate and this is one of them.

[Dead On Arrival]

It looks like Mark Doelling falls on the sword. He left the company on 10/11/23. Was in charge of where the plant where the violations took place.

[Advocate77]

When you think it cannot become any worse, it certainly does with this company and this management:
https://ohsonline.com/articles/2023/10/13/alloy-manufacturer-faces-osha-fines-for-exposing-employees-to-toxic-metal.aspx?admgarea=ht.RiskManagement&m=1
What about all the past assertions that their employees are their greatest asset? Sounds very hollow now, as do the trumpeted ESG principles.

Also, you really have to wonder where the year-long cheerleaders are hiding now, as the company seems to be headed for bankruptcy and a massive PR fallout. Surely, walterc and all the others cannot quietly have left the sinking ship???

God, am I angry about the thousands of hard-earned euros lost in this company due to gross mis-management.

[Dead On Arrival]

I was assured that this company was going to fire on all cylinders years ago.Once they combined the different sites and brought them to Indiana was going to be a watershed moment. Not sure what went wrong but Niocorp and IBC have been a disaster.

[Advocate77]

I don’t think they have another year to turn this around before they go into bankruptcy. Such a sad story.

[bernice]

It seems they need a few months or years more time for it.

[Advocate77]

https://ibcadvancedalloys.com/ibc-advanced-alloys-reports-financial-results-for-the-quarter-and-year-ended-june-30-2023/

IBC booked a loss for the quarter and year of $3 million ($0.03 / share) and $5.9 million ($0.06), respectively.

I think one can safely say that management has failed miserably to turn around this company and make it profitable. What a shambles!

[Dead On Arrival]

I always thought this would be a layup with the specialty business and the large amount of customers. Have no idea what went wrong. The share price is stuck in reverse because of recent money woes. Not sure I will re-enter this stock again but still follow it when I see news. I thought Mark walked on water until I saw the deal Niocorp presented to shareholders. Then I realized he just fell through the ice on the frozen lake. It is a real shame because he is a terrific person.

[monocle]

I should have read the last paragraph. A sale? At this share price? No wonder the markets shrugged. Got out of Nio, wish I would have exited here as well.

IBC is also currently exploring strategic options with potential partners, investors and others with regard to its Massachusetts-based engineered materials division, which produces beryllium-aluminum alloy components for defence and commercial applications, including potential joint ventures, a restructuring, a sale or other options.

[Dead On Arrival]

I believe these contracts just renew themselves. Not totally sure but the numbers seem right for a 2 -year period.

[monocle]

And there is no response in the U.S., nothing. So frustrating.

[walterc]

Mr. Mark Smith reports

IBC WINS $7.38 MILLION IN NEW ORDERS FOR BERYLLIUM-ALUMINUM AEROSPACE COMPONENTS FROM LOCKHEED MARTIN

IBC Advanced Alloys Corp. has won a new purchase order for its beryllium-aluminum alloy products from Lockheed Martin, the maker of the F-35 Lightning II aircraft and many other defence systems.

The value of the new order is approximately $7.38-million, which the company expects to fulfill in 2023 and 2024.

"This is an important order for IBC, and our team looks forward to delivering strategic alloy products to help Lockheed and the U.S. Department of Defense meet global national defence mission objectives," said Mark Smith, IBC's chief executive officer and chairman.

IBC is also currently exploring strategic options with potential partners, investors and others with regard to its Massachusetts-based engineered materials division, which produces beryllium-aluminum alloy components for defence and commercial applications, including potential joint ventures, a restructuring, a sale or other options.

.

[NEgoodlife]

Thanks to bcomaha for posting this link on the Niocorp board.

https://finance.yahoo.com/news/ibc-advanced-alloys-announces-entering-210100799.html

[NEgoodlife]

Demo Man, not Turd Man.

[ColdDarkHole]

wait, defecation man actually knows management??

[NEgoodlife]

Ok. Thanks for confirming.

[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.