Byron King report + others Analysist's reports
The Critical Metals Report Interview with Byron King (1/31/12) "I've been following IBC Alloys Corp. for about a year. I came to it not as a basic resource play, because it purchases beryllium from U.S. stockpiles and Kazakhstan, but because I was very impressed with the technical and the engineering skills of what it does with the beryllium and how it does it. The company supplies high-end apps in aerospace and high-end technology niches. But IBC is also trying to bring beryllium into a more consumerist marketplace, such as automotive applications, because beryllium is lightweight, strong and absorbs vibration really well. If it can crack the automotive market, IBC is looking at entire train cars full of product.
IBC Alloys is also a very advanced company in terms of its work with the nuclear fuels business. Beryllium and uranium can be mixed to create stronger nuclear fuel rods with a higher melting point and different heat-flow capacity. The rods are still in the R&D phase, but the U.S. Nuclear Regulatory Commission is already very interested, as is the nuclear power community. The company also has partnerships with companies like General Electric Co. and Hitachi."
TCMR: Is this a misunderstood story? The share price has lagged despite its promising products and advanced research.
BK: It's an underfollowed story—and to the extent that it is followed, it's misunderstood. Part of it is just the general disrespect by the market, which is barely paying for fundamentals. I mean, there are a lot of companies out there that are selling for cash value or less.
Siddarth Rajeev, Fundamental Research Corp. (11/26/11) "IBC Advanced Alloys Corp. recorded $20.46M in revenues in FY11, up 37% year over year, and in line with our forecast of $20.44M. The company has received permits and approvals and has commenced a drilling program in Juab County, Utah; the drill program targets the high-interest target zones identified in the previous airborne geophysical survey conducted in 2010."
Byron King, Energy and Scarcity Investor (10/28/11) "IBC Advanced Alloys Corp., the company itself and its operations, is going well; from what I can glean from management, the order book is strong and it's never been stronger. . .I expect to see financial results from IBC in the next month or so. I believe we'll be pleasantly surprised; my hunch is that now is a good time to add to your position in the company."
Byron King, Energy and Scarcity Investor (9/26/11) "IBC Advanced Alloys Corp. has funds in the bank and is producing beryllium products for cash flow. The technology is there, it's proven; the new plant near Boston is up and running. . .this is a strong, developing story."
Byron King, Energy and Scarcity Investor (9/19/11) "Last week, management dropped the word that IBC Advanced Alloys Corp. wanted to do a fundraising effort: The traders instantly pounced and drove the share price down. Well, apparently management rethought the idea and issued a new press release today stating that the fundraising is off. . .here's a sign of confidence and assertiveness by IBC management. . .management is looking out for the best interests of the shareholders, all while running a growing business in a high-tech arena of advanced metallurgy; IBC management is on our side."