Just a quick one - a bit of dot joining about AluChem, and I couldn't be MORE excited. Read everything below a few times, the dots all line up.
1996 - AluChem purchases Porocel - the world's largest producer of Activated Bauxite.
Porocel acts as it's own entity (when you click on their location from the AluChem website, you get taken to the main Porocel website) - as a company which has been in operation since the 1930's, it's no wonder they decided to leave it as it is.
A bit more sleuthing shows how incredibly big Porocel is;
Effective December 1, 2013, Porocel announces a new office in Shanghai to support our business growth in China. The new office and staff expands Porocel’s global presence and supports our growth in the Chinese market for high quality adsorbents, catalysts and services.
Porocel opens new office to enhance business coverage for Middle East & Africa
Have a read through the Porocel website, it's staggering how big they are - and they are owned by AluChem.
Aluchem - whose founder and MD just bought 38m shares in our small little CoreTrack.
Aluchem - which announced a long time ago that they were in discussions with a privately owned, leading producer of Bauxite, with the view to helping them enter the proppant market.
My guess now is a JV specifically with Coretrack and Porocel to convert their remaining bauxite activities over to fly ash proppant.
Even MORE interesting on the Porocel site;
"From the same site in Little Rock, AR since 1937 Porocel has produced quality products used in the hydrocarbon processing industries for decades. Activated bauxite was the primary product produced at the site until 1998 when Porocel inaugurated their activated alumina production. In Little Rock today, Porocel manufactures activated alumina and activated bauxiteand provides various toll processing services."
So - to be clear - the site used to primarily produce activated bauxite. They still produce activated bauxite at the site, but have clearly moved away from that ... the site is MASSIVE, with huge facilities in place ... and we have commenced works to convert dormant plants (ie Little Rock with Porocel).
Come on guys, this is as clear as the nose on my face.
BOOM - my heart is racing, this is huge.
CKK Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
