A4N Construction Progress, page-50

39.39million shares were transferred after hours, one would assume is was an off market trade between significant investors.

As for the PPF and market for pre-cursors, my understanding is that initial production (PPF) will be commercial sales of pre-cursor with HPA and Boehmites being purely produced for marketing activities (thus the much lower, sub-commercial volume).

As for the pre-cursor market, it is my understanding that you are correct, no such market currently exists, however management have claimed this is because of a lack of supply rather than lack of demand. That is, the PPF is being built in answer to supposed customer enquiries, rather than A4N finding a novel product which they then have to find a use for. I would assume it is a bit chicken and the egg though. I.e. I would imagine there is a level of R&D required by end-user's before they contract supply, R&D which requires stable supply to conduct. Therefore my guess is that there will be a level of uncontracted pre-cursor sales as the market develops.

All IMO, please DYOR and GLTAH