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Thread: ATC- Altech HPA

  1. #1
    FEAR n GREED JBmurc's Avatar
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    Default ATC- Altech HPA

    High Purity Alumina (HPA) Project

    The Company is aiming to become one of the world’s leading suppliers of a high-value product, 99.99% (4N) high purity alumina (HPA) (Al2O3).

    HPA is the major source material for scratch-resistant artificial sapphire crystal, which is used in the next generation of smartphones as well as a growing range of high performance electronic applications. The global HPA market is approximately 19,040tpa and is expected to double over the coming decade.

    Current HPA producers use an expensive and highly processed feedstock material such as aluminium metal to produce HPA. Altech produces 4N HPA directly from an ore feedstock, aluminous clay, from its Meckering deposit in Western Australia. The Company is now advancing a Bankable Feasibility Study (BFS) to develop a full-scale 4,000tpa HPA production facility. The Altech process employs conventional and proven “off-the-shelf” plant and technology to extract HPA from its low-cost and low-impurity aluminous clay feedstock, which results in lower operating costs.

    Altech is a chemical processing group focused on creating a high-margin product to meet the growing global demand for the next generation of high-performance technologics

    151006120857.png

    Market cap 17mill

    Valuation target - 31c

    - Sri Abdullah said the project is very exciting, and that he looked forward to assisting with its development plans. He is Malaysia’s 29th richest." (major ATC investor)

    -Long mine life>> 30+yrs

    -"Mitsubishi deal"

    http://www.altechchemicals.com/


    Well worth a look .......

    Disc -brought in today 13.5c (follow the trend)
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    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  2. #2
    Senior Member Dej's Avatar
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    Strangely, JBmurc, I bought today as well. Although you got yours 0.5 cents less than mine!
    “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” ― Marcus Aurelius

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    FEAR n GREED JBmurc's Avatar
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    Great minds think alike LOL
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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    Senior Member Dej's Avatar
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    Quote Originally Posted by JBmurc View Post
    Great minds think alike LOL
    Should have waited by the looks of things!

    15th October should be interesting;

    "Altech Chemicals Limited (Altech/the Company) advises shareholders that it has reached agreement with Dana Shipping and Trading S.A. (Dana), to extend the date by which Dana can elect to exercise its exclusive option to mine up to 10Mt of bulk kaolin from the Company's Meckering kaolin deposit (Meckering Deposit) from 30 September 2015 to 15 October 2015."

    From you experience, JB, what would be the intention of this agreement with Dana Shipping? Are they looking for some initial capital + ongoing income to support the HPA project? It seems a no-brainer from Dana Shippings point of view, $1 million shares at 10% premium of 120 weighted average is still below today current price. Arguably quite below. In terms of us shareholders, this surely will be a bit of an overhang for the next period (assuming they will sell some immediately).
    “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” ― Marcus Aurelius

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    FEAR n GREED JBmurc's Avatar
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    No expert on the fundamentals here (only just come across and liked the look of the T/A) but the extension to the 15th oct will decrease the amount of shares 'Dana" will get for their 1mill investment... we will find out more on the exact details of a Contract soon.. that's if they decide to take up the deal ......I agree would be a good deal for Dana
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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    Senior Member Dej's Avatar
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    Interesting chat:

    http://www.finnewsnetwork.com.au/arc...ork121410.html

    Specifically;
    Natalie MacDonald: It sounds like pretty exciting economics. What’s the next phase then to your project?

    Iggy Tan: The next phase is actually the detailed design phase, project finance and securing off-take partners. With the financing of the project, we’re talking to various banks; financial institutions and we’re also even looking at export credit finance, out of Europe. There’s a lot of interest for the project and we’re pretty confident that we will secure about $50 million to $55 million of debt, for the project. And that will take the next nine months to secure that.

    The off-take, we are looking at various off-take options and recently we announced Mitsubishi, as our major partner in Japan. They will look after all sales in Japan and as we go along, we will secure more and more off-take.

    Natalie MacDonald: Last question then. Where would you like to see the company 12 months from now?

    Iggy Tan: Well the company has grown very quickly in the last period of time. Our market cap used to be $7 million and we’ve grown to $15 million, in such a short period of time. So as we go into the next 12 months and we develop the project, we expect our value to increase over that period. So we’re looking forward to a very exciting phase, and we’re looking forward to supplying a material that will drive the electronics sector.
    “If you are distressed by anything external, the pain is not due to the thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” ― Marcus Aurelius

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    FEAR n GREED JBmurc's Avatar
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    Should bounce hard from here this week if the "Dana agreement is reached and is a good outcome" ...be good to see the major seller of late to run out of shares ...

    Many positive here for sure just need ATC to continue on the path to production ....IMHO will likely be taken out by a major before then

    disc-brought more on friday 10.5c my average now 12.3c
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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    Altech Chemicals Limited (Altech/the Company) (ASX: ATC) advises that the extension of the Dana Shipping and
    Trading S.A. (Dana) bulk kaolin option exercise period announced on 1 October 2015 has now lapsed.
    Altech and Dana are however continuing negotiations for the mining of bulk kaolin by Dana from the Meckering
    Deposit.
    An update on the negotiations will be provided, once finalised.
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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    19 November 2015
    PROJECT FUNDING UPDATE
    Highlights
    • Letter of Interest (LOI) for project financing received from German bank
    • ECA: Interest in senior-debt project financing utilising German export credit insurance cover
    • Highly experienced international project and export finance specialist
    Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to provide an update on the progress of
    financing activities for its proposed high purity alumina project (HPA Project).
    Following a series of meetings, a major German bank has submitted a Letter of Interest (LOI), expressing its
    interest to arrange senior-debt project financing for the Company’s HPA Project. The LOI contemplates senior-debt
    project financing that will maximise the use of export credit insurance cover under the German federal government
    backed project finance federal export guarantees.
    The bank is a leading German export and project finance specialist with experience in the debt financing of mining
    and chemical projects worldwide, also in the Asia-Pacific region and projects similar to Altech’s proposed HPA
    Project.
    ECA is an instrument for the promotion of German exports. It provides a cover to bank lenders to insure against the
    risk of an export loan and is administered by Euler Hermes, the German Export Credit Agency (ECA). ECA was
    identified as applicable to Altech’s HPA Project because the majority of the plant and equipment will be sourced
    from German and other European Union manufacturers and German group M+W is the appointed engineering,
    procurement and construction (EPC) contractor.
    The first step in the ECA approvals process is for the Company, the bank and M+W to make a presentation to Euler
    Hermes for its assessment of the HPA Project, from which an initial determination of the eligibility for ECA funding
    will be made.
    Altech’s managing director, Mr Iggy Tan said that the interest shown by the German bank to arrange the senior
    debt financing of the HPA Project is an important preliminary step for debt financing. “There is still a way to go in
    the due diligence process and there is no guarantee that ECA eligibility or final funding will eventuate, however the
    interest of this highly experienced and well regarded bank in our project at this early stage is significant.”
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  10. #10
    FEAR n GREED JBmurc's Avatar
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    Cool They just keep on ticking the boxes ...

    10 December 2015
    ALTECH RECEIVES LETTER OF INTEREST FOR
    GERMAN EXPORT CREDIT COVER
    Highlights
    • Letter of Interest (LOI) received from Euler Hermes for German export credit cover (ECA)
    • Approximately US$40.0 million of project capital estimated to qualify for ECA cover
    • Debt supported by ECA cover is typically at attractive conditions, including long tenure
    Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to report that following a recent
    presentation to Euler Hermes Aktiengesellschaft ("Hermes") in Hamburg, Germany and its preliminary evaluation of
    the Company’s proposed high purity alumina (HPA) project, Hermes has issued a Letter of Interest (LOI) confirming
    in principle support under the export credit insurance guarantee scheme of the Federal Republic of Germany (ECA
    cover).
    The LOI is based on the information provided and subject to further in-depth due diligence. In addition, the LOI is
    not legally binding and has been issued without prejudice to any decision of authorities to provide cover for this
    project.
    The Company has estimated that approximately US$40.0 million of project capital expenditure (from total project
    capital expenditure of ~US$77.0 million) should qualify for ECA cover and additional senior debt in the region of
    US$ 15 million, for total project debt financing of around US$ 55 million. Interest rates charged by lenders on debt
    that is supported by ECA cover is typically at attractive conditions, as the repayment of the debt is insured, also
    long tenure is usually available in accordance with OECD guidelines.
    The initial assessment by Hermes of the availability of ECA cover for Altech’s HPA project is a significant financing
    milestone and closely follows the Company’s 2 December 2015 announcement that is has executed a mandate
    with German bank KfW IPEX-Bank in relation to senior debt project financing.
    The next step in securing ECA cover is the submission of a formal application accompanied by a detailed project
    information memorandum and various supporting documents. Detailed project due diligence follows, and will be coordinated
    by the Company’s mandated bank and its German based project financing consultants.
    Altech’s managing director, Mr Iggy Tan said that the Letter of Interest from Hermes is a very significant milestone
    in the Company’s endeavours for funding its HPA project. “Obtaining this LOI from Hermes in such a short period of
    time has been a complete team effort involving our Perth based management, German based financing
    consultants, KfW IPEX-Bank and our general EPC contractor M+W Group. Feedback from our financing
    consultants is that only selected projects pass the very important initial assessment by Hermes and that cover is
    awarded to the vast majority of the projects that succeed at the initial evaluation. ECA cover and subsequent senior
    debt project financing is still subject to detailed due diligence and there is no guarantee that ECA cover or final debt
    funding for the project will eventuate, however the Hermes LOI is a significant milestone.
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

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