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A4N - Alpha HPA

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Interesting A4N announcement out today , re : scaling up production of something called synthetic sapphire glass with Austrian ( ? ) company Ebner .
Used in LED 's .Previously sourced ( 80 % ) from Chinese and Russian suppliers , apparently.
S.P. closed at $ 1.14 for a volume of 2 Mill. shares.
 
Alpha seems to have a few things happening, and moving product.

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and the SP is rolling with the punches
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but there are myriad HPA plays around, plus I don't understand the niche research well enough, so I'll leave the entire sector alone
 
Dona Ferentes said:
there are myriad HPA plays around, plus I don't understand the niche research well enough, so I'll leave the entire sector alone
Click to expand...
and some news, money in the door, Germans keen ...., with SP up to 89c
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COMPLETION OF $40M STRATEGIC PLACEMENT TO ACCELERATE ALPHA SAPPHIRE
  • $40M Strategic Placement to AustralianSuper, Orica Limited and other large shareholders to accelerate the development of Alpha Sapphire
  • Strategic Placement Offer Price of $0.73 per share which represents a narrow premium to the 20-day VWAP of $0.7243 as at 01 November 2023
  • Fully funds Alpha Sapphire's Phase B roll-out by matching the $30M QCMBTF funding
  • Establishes high value downstream user of HPA from the HPA First Project
  • Updated Sapphire growth financials confirm robust business case
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A4N has updated :

Alpha Sapphire is a wholly owned subsidiary of Alpha, established to commercialise the first and only synthetic sapphire growth capability in Australia utilising the Ebner-Fametec sapphire growth technology and Alpha’s high purity alumina feedstock.

Alpha is pleased to advise that the support infrastructure and utilities for the first two synthetic sapphire growth units (Phase A) is complete and ready for commissioning at the Company’s HPA facility in Gladstone, QLD.

The synthetic sapphire framing and furnace bodies have also arrived on site, with installation now underway.
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Phase B and C in the pipeline.
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Yesterday's trading halt was a bit of a storm in a teacup .
A4N got approval for a $ 400 Mill. government loan for stage 2 of the company's HPA project .
S.P. up 6 % 0n the news today , to $ 1.08 .
 
Trading holt for the day.
Placement then SPP in the works.
Only 2% discount to the S. P. ( ~ $ 1 . 00 )
 
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News just out : Placement done and dusted .
Number of shares to be issued under the SPP , now to be more than doubled from 33 million shares to 71 million .
Still no firm price though . Likely next week , 28 th May.
 
Australian Super has become a substantial shareholder of A4N with 57 million shares ( 5 % )
S.P. at 80 cents ( down from $ 1.20 a year ago ) . They could be here for a while , one would like to think .
Hope they've done their due diligence !
 
Don't know how you got this info but I scoop this up last month. Again this is not a recommendation of buying and selling. It is my own thing and a show casing only

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dyna said:
Australian Super has become a substantial shareholder of A4N with 57 million shares ( 5 % )
S.P. at 80 cents ( down from $ 1.20 a year ago ) . They could be here for a while , one would like to think .
Hope they've done their due diligence !
Click to expand...
 

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