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Thread: ATC- Altech HPA

  1. #131
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    To those interested their latest presentation to RRS:

    https://youtu.be/JT-LSmE2bDo

  2. #132
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    Stand By. Trading Halt. Pretty sure it's to raise a small(ish) amount. IMO about $30mio.

  3. #133
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    https://www.afr.com/street-talk/lith...0180704-h129li

    Stockbroker Petra Capital has launched a $20 million equity raising for ASX-listed "high purity alumina" project owner Altech Chemicals.
    Petra was offering clients new shares in Altech at 16.5¢ each, which was a 13.2 per cent discount to the last close and a 16.3 per cent discount to the 10 day volume weighted average price.
    Funds raised were for pre-construction site works and finalisation of plant engineering, according to terms sent to fund managers.
    Petra was calling for bids into the placement by 2pm on Friday.

    The placement was part of a targeted $20 million raising, which also includes a $3 million share purchase plan at the same price.
    Last edited by silu; 05-07-2018 at 08:32 PM. Reason: incl link

  4. #134
    ShareTrader Legend bull....'s Avatar
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    hi silu i own this company have a small parcel held for about 5mths been waiting for cash issue to get more planning to hold for a long time looks like a good project
    one step ahead of the herd

  5. #135
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    Has anyone read through Collerina Cobalt's (CLL) announcement from yesterday? https://www.asx.com.au/asxpdf/201807...j17bj5f82z.pdf

    Apparently they can make 4N HPA 99.99% purity from available industrial products but compared to ATC they are still way behind. The plan to produce 1kg of it by September for marketing samples and a modified PFS by October.

    Anyone worried? I trust the Germans would have done extensive due diligence on alternate productions of HPA too and decided that being first counts for more than being best.

    In the meantime ATC is in the early stages of construction.

  6. #136
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    Quote Originally Posted by silu View Post
    Has anyone read through Collerina Cobalt's (CLL) announcement from yesterday? https://www.asx.com.au/asxpdf/201807...j17bj5f82z.pdf

    Apparently they can make 4N HPA 99.99% purity from available industrial products but compared to ATC they are still way behind. The plan to produce 1kg of it by September for marketing samples and a modified PFS by October.

    Anyone worried? I trust the Germans would have done extensive due diligence on alternate productions of HPA too and decided that being first counts for more than being best.

    In the meantime ATC is in the early stages of construction.
    Not quite clear to me what their benchmark is (better than what?) - probably their first quite inefficient and expensive process.

    Nothing in this announcement I could see which compares to ATC's (patented) process - and their reference to the benefit of not mining ... mining is for ATC not a risk, but an asset. Remember - they own a fully licenced open pit mine with several hundred years worth of feedstock which they just need to pick up.

    On what basis do you think CLL might be "best"? They are ways behind ATC and I don't see any data stating that their process might be better or cheaper than the ATC process. As well - even if they would compare what they think about their process with the ATC process, they clearly would not know yet how well their process works, given that they have not even produced their first kg. But still good to see some others working in this area, ATC alone could never supply 100% of the forecasted HPA demand ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  7. #137
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    Yes my comment about "being best" was not in direct correlation to CLL but more a general comment that even if CLL's process were better it might not be preferred by financiers and the market. Way too many questions surround Collerina imo. Didn't even notice that their CR was at a 26.6% discount. DAMN!


    ATC on the other hand has ticked off so many boxes already and have lined up all their little ducks that I will try go get as many shares as I can afford in the SPP

  8. #138
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    Article of interest:
    https://stockhead.com.au/columnists/...f-asx-quartet/
    Iggy Tan’s Altech Chemicals is off and running to become the first producer of high purity alumina (HPA) among the ASX-listed quartet which have hitched their future to the boom material.

    Drawing on last month’s $20 million equity raising, Altech (ASX:ATC) has begun early construction works at its HPA plant site in Johor, Malaysia, which will draw its feedstock from an aluminium-bearing kaolin mine to be developed in Western Australia.

    The start to early construction works comes ahead of the financing package for Altech’s HPA plans being bedded down. But that’s exactly the point.

    “With these sort of projects it’s all about momentum,” Tan told this column. “It’s all about getting up and getting going.

    “We want to maintain project momentum and that’s the reason we raised the equity last month, to get early construction started.”

    Tan knows all about the importance of project momentum.

    It was his push and shove that established Galaxy Resources (ASX:GXY) as a leading lithium well before the lithium-ion battery boom gripped the market.

    Galaxy is now a $1.2 billion company.

    But when Tan left the company in 2013 the boom had yet to arrive and things got a bit tough, prompting Tan’s exit and his arrival at Altech a year later in another trail-blazing role, this time in the HPA space.

    Altech Chemicals shares (ASX:ATC) over the past year
    Altech Chemicals shares (ASX:ATC) over the past year
    Financing for Altech’s plan to become a 4,500 tonnes per annum HPA producer is coming together and has export credit finance from Germany’s KfW IPEX-Bank at its core. It’s said to be the best debt in the world.

    But facing six months or so for all of the financing plans to fall in to place, Tan decided to get moving now with the early construction works.

    His momentum focus comes at an interesting time for the ASX-listed HPA stocks in general. Other key HPA stocks are Collerina (ASX:CLL), Hill End (ASX:HEG) and FYI Resources (ASX:FYI).

    >> Read Stockhead’s quick guide to High Purity Alumina

    Because HPA is enjoying high demand growth as a thermal separator to prevent fires inside lithium-ion batteries, it is seen by many as purely a battery material.

    That was a positive until the heat came out of the lithium stocks earlier this year on forecasts that supply would soon swamp demand. It has become a negative by association for HPA ever since, in the minds of investors anyway.

    The main uses of HPA

    The reality is that the biggest use of HPA remains in LED lights and in the production of scratch-resistant glass.

    More importantly, unlike lithium, HPA is forecast to be in short supply for years to come.

    HPA is not a big-tonnage market, with global demand of about 30,000 tonnes in 2017. But industry forecasters predict double-digit compound growth to as much as 122,000tpa by 2025.

    That means multiple HPA plants like Altech’s Johor baby will be needed.

    The boom outlook is being reflected in prices for 99.99 per cent HPA product. While most of the HPA project aspirants assume long-term prices of less than $US30/kg for their projects, recent pricing in Japan is $US40/kg.

    HPA pricing

    Not unlike the lithium market, pricing for HPA is opaque. But unlike the lithium market, prices have remained strong.

    “Our view is that we are going to see very strong demand in coming years,” Tan said. “The market is growing by 20 times the size of our plant so there is no fight for market share.”

    He might as well have added that it’s a different outlook for the lithium producers where the supply window of opportunity is fast closing.

    Altech plugged in a long-term price of $US26.90/kg for HPA in its investment study in to its integrated project.

    The project is the first of the “disruptive’’ projects being brought forward in that its feedstock is kaolin based compared with the world’s existing production which starts out with finished aluminium metal.

    It means potentially much lower operating costs.

    Altech’s investment study forecast production costs of $US9.90/kg, indicating a gross margin of 63 per cent on the long-term price estimate, and an annual earnings capability of $US76 million.

    Altech last traded at 16.5c for a market cap of $87 million.

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  10. #140
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    Altech Chemicals Johor Opening Ceremony

    https://youtu.be/LtaY_Xo1w_4

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