In a crowded small and micro cap marketplace it is difficult to stand out from the crowd. Last Wednesday (August 20th) , IBC Advanced Alloys jumped 29% from $0.17 to a high of $0.22, which had investors speculating as to what caused the volume and share price increase.
That day, popular U.S. investment newsletter writer Byron King featured IBC in an article titled, “A Stock that’s Cheaper than an Option!” Following the jump in share price, Stockhouse writer Chris Parry issued his own article and provided readers with an outline of all three of IBC’s divisions: copper beryllium alloys, nuclear fuel research division and, most importantly, the engineered materials division that is currently testing its Beralcast alloy with military/aerospace giant Lockheed Martin.
Here are some key points from Byron King’s article:
“First, let’s catch up with the company. Last winter, IBC announced a “pre-production” relationship with aerospace giant Lockheed Martin for a piece of the F-35 Lightning II aircraft.”
. . . . “why would great big Lockheed want to deal with little IBC? Well, there’s a certain alloy of beryllium that only IBC can manufacture at a purpose-built facility near Boston (and yes, I’ve been there). The alloy has what’s called a “high modulus.” In plainer English, beryllium alloy greatly reduces vibration, so the camera image is far clearer.”
“What comes next? Well, if Lockheed likes what it sees, the relationship transitions to production. That means a contract for IBC to build F-35 components, and even better . . . . to get paid. As you can imagine, that kind of news should drive the IBC share price higher, from 17-cents to . . . well, likely into the mid-30-cent range, if not higher.”
Byron King’s newsletter is only available for subscribers to his newsletter. However, you can view the Stockhouse coverage by clicking here.
- Dave Burwell
Brad Dryer