Thanks for sharing. Would have been nice to have Mezzanine debt finalized by now but I'm still happy to be a holder in ATC which is a big investment for me.
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Holders (and non holders) will be interested in this report on future HPA prices by CRU Consulting. CRU are providing a report for Macquarrie (preferred financier) for US$90m.
https://www.altechchemicals.com/site...ts/6935662.pdf
Still holding. Still waiting for financial close. What do you reckon Trev? If we get the first plant up and running a second one should be relatively easy to build and with re-financing much cheaper too given we have the off-take agreement with Mitsubishi?
It certainly takes time. From a personal perspective - I don't see it as "if", more than "when" will they get their factory up and running. It all takes longer than expected, but this is the way projects normally go.
Looking at the report - I don't think shareholders need to be concerned about the uptake when the factory is producing, and yes, cloning the first factory should be quite easy. But first let's get the first factory up and running. It was 2 years to production in 2015, it was 2 years to production in 2017 and it was 2 years to production in 2019. Let us hope this is a case of third time lucky!
Attachment 10657
Timeline from the 2015 Breakaway "research" report;
News from HC. Looks as if we might be on our way but more details needed. Check ATC website for any announcement they will make.
https://hotcopper.com.au/threads/opt...st_id=39572034
Wow. Understanding this deal fully yet is probably above my pay-grade but from my understanding valuing the HPA project at approx US$204m (US$100m for 49%) is not too shabby.
https://www.asx.com.au/asxpdf/201907...tnbs5brp56.pdf
Here's the official ATC announcement
https://www.asx.com.au/asxpdf/201907...tnbs5brp56.pdf
Sorry Silu didn't realise your post on way
Highlights from this announcement:
• Agreement to acquire 29% of German (Frankfurt) listed public company
• German public company name will change to Altech Advanced Materials AG
• Sale of a non-exclusive right to acquire up to 49% of Altech’s HPA project for US$100m
• Access to larger pool of European institutional investors
• Enhanced project valuation and less dilutionary for current Altech shareholders
• Aligns with European investors desire for battery materials exposure
No worries Trev. You like me are probably a bit excited and try to make sense of it all ;)
Latest news from Germany ex HC post
https://hotcopper.com.au/threads/ann...st_id=40133960
https://hotcopper.com.au/threads/ann...st_id=40137782