New video up:
Altech Chemicals - Meeting a sapphire future
https://youtu.be/dfjvTTGKwdU
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New video up:
Altech Chemicals - Meeting a sapphire future
https://youtu.be/dfjvTTGKwdU
JT that article was from March 2017 so much has changed since then.
Barry FitzGerald: why it’s time to revisit these High Purity Alumina stocks
https://stockhead.com.au/columnists/...lumina-stocks/
HPA pricing used by ATC financial modeling US$27/kg vs current trade price of US$40/kg which could earn ATC's proposed 4500tpa plant US$133m/year. Reminder ATC's MC is a mere A$83m at the moment.
At the beginning of the year I sat down and wanted to buy some shares that I believe will be my retirement fund with a 10-20 year horizon. ATC is definitely one of them - the first plant is only the start in my view. I can see it happen that over the next 2-3 years other additional plant sites will be identified.
Scary,
limited funds. limited approval, works have started.
Hopefully just some small kinks an iron will easily fix.
Care to expand?
Not sure I know about any organisation with access to unlimited funds ... and what exactly is limited about their approvals?
But sure - there is risk ... as in any other business venture.
The industry might find a cheaper replacement for HPA ...
The process might (despite lots of due diligence) not work as well as envisaged on a grand scale
The sky might fall in and nobody needs LED's, smartphone screens or high capacity batteries anymore
But than - there are unlimited opportunities as well :): a huge increase of the market for HPA separators in vehicle batteries due to a rapidly increasing electric vehicle mrket, new application for high capacity batteries like e.g. a power bank for electric networks; new generation of smartphones needing more unscratchable glass screens, new applications for saphisglass, LED lighting still only in the beginnings of its reign, ...;
Anything in particular you would want to highlight?
patent for ATC's HPA production process granted:
https://www.asx.com.au/asxpdf/201810...1pdhd0qh43.pdf
It took them 4 years, but well worthwhile. This will make life for copycats a bit more difficult and expensive ...
Well done, Iggy & team!
Pretty sure they haven't gained building consent from local authorities.
Stage targets and amounts seem to be changing.
I feel i have been feed information after the fact, regarding exact finance timeline.
I dont hate this investment prospect, but i will be careful digesting future information/timelines the company is going to release.
No building consent with local authorities in Malaysia?
WOW. Clearly - you need detailled building plans (which are a requirement for a building permit and a deliverable for their contract with SMS) to do that.
As they announced in July - this is one of the things they are currently working at togehter with the site preparation
https://www.asx.com.au/asxpdf/201807...hfb7g0psx7.pdf
Sure - this is a process, but where exactly do you see the issues given that the building is in a designated industrial zone (with other compatible chemical industry around) and given that they have already a manufacturing licence? The authorities clearly want this to happen ...
Timelines are changing? True, they have and they might keep doing that. However - haven't yet seen a lot of non-trivial projects where this was not the case on the way from concept to finalisation ...
I do measure management not at their capability to predict the future with absolute accuracy, but at their capability to work with uncertainty and to adapt to changing circumstances.
HC poster reporting on presentation he attended in Brisbane. Thks Accumul8r.
https://hotcopper.com.au/threads/ann...st_id=36176086
Had a look at the HPA process chart and there are re 33 different process stages!. That looks complicated and like a lot can go wrong.All those operations have to be operating perfectly to reach the right highgrade material. Rebuttal?
Download Document 7.95MB re page 22
https://www.asx.com.au/asxpdf/201810...sdfwdz8n35.pdf
"allowing for the submission of site development order application to local Johor Authorities."
happy to be wrong about this, but to me it reads they have not started building yet. All they have done is basic requirements to get consent.
My point is, timing is everything and i am scared that works have been charged to investors but works are a while from starting and they have no finance except from investors. we have circa 4 month wait till funds are approved. maybe another month till funds are released. i detect a time frame error