ATC- Altech HPA

Article of interest:
This is one of the most sought-after substances among ASX investors
https://stockhead.com.au/resources/h...rices-soaring/

New Company presentation: https://www.altechchemicals.com/site...ts/6883083.pdf
Petra Capital Research Report (target 41c): https://www.altechchemicals.com/site...Apr%202018.pdf

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Originally Posted by silu

New Company presentation: https://www.altechchemicals.com/site...ts/6883083.pdf
Petra Capital Research Report (target 41c): https://www.altechchemicals.com/site...Apr%202018.pdf

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cheers for posting - interesting research report, particularly the comparison to ATC's competitors.

I do note that based on the Petra Capital assumptions ATC will be only in 2022 cash flow positive (that's two years later than the Carmichel report which came out in February), not flash but probably more realistic. It does take time to build a factory and get it running.

Interesting that they still come up with a higher value (Petra Cap 41 cts vs Carmichels 37 cents) ... but obviously both don't know how the final funding will look like - i.e. we shall see.

Yes I did like the direct comparison to the competitors too. As it's such a new industry I feel comfortable seeing ATC being way ahead of them. In addition we have a fantastic debt deal and SMS Group as the lead engineer firm. I hope the financial close is not too far away and we can start constructing. I'd think that by 2022 ATC will have additional fires in the oven.

First mezzanine debt term sheet for up to US$120m received. Coupled that with the already signed-off senior debt we hopefully have the expected equity raise soon and can start construction.

Altech - Malaysian Manufacturing Licence Received

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Originally Posted by Joshuatree

Altech - Malaysian Manufacturing Licence Received

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JT. Does this mean you back in?

I'm still expecting and hoping that despite the mezzanine debt that a small portion of the funds will be raised by the company from existing shareholders at an attractive price.

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Originally Posted by silu

I'm still expecting and hoping that despite the mezzanine debt that a small portion of the funds will be raised by the company from existing shareholders at an attractive price.

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Pretty sure they will.

Though actually - there might be an opportunity to raise this in the coming AGM - just to make sure they consider this. Noticed that resolution 11 (to raise $30m to have funds to start site preparations) just talks about a fund raising from "sophisticated" investors.

Will certainly be buying back into ATC when funds become available from NKP / IRC getting to fair values ..

Great long-term BUY here