ALPHA HPA LIMITED (ASX:A4N) - Ann: HPA First Project Update, 41040592, page-30 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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fatcactus

107 Posts.

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23/10/19

22:33

Post #: 41040592
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Originally posted by chuk: ↑

Do you know at what price he bought the stock? Was he locking in a profit or cutting a loss?

He might be right about the HPA price but he also might be wrong because the CRU study from the PFS was still showing a growing long term deficit even after allowing for a narrowing of the deficit in the next 2-3 years (but still deficit) and that was after allowing for new entrants such as FYI which haven't received pilot plant results yet. I read that comment by Newing and it certainly sounded like he was stating a potential risk without researching. CRU would have completed much more thorough research. In any case, I agree that lower prices are a risk but my research shows this has substantial upside (multiples of the current sp) with prices down to US$15,000/t compared to the $25k/t assumption. The PFS estimates the project will be highly profitable down to $10k/t.

Altech also used CRU and provided the following chart in one of their presentations.

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A4N Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.08		Change 0.003(0.23%)		Mkt cap ! $1.231B

Open	High	Low	Value	Volume
$1.09	$1.10	$1.08	$1.620M	1.487M

Buyers (Bids)

No.	Vol.	Price($)
19	14122	$1.08

Sellers (Offers)

Price($)	Vol.	No.
$1.09	35772	18

View Market Depth

No.	Vol.	Price($)
18	21921	1.075
15	40634	1.070
16	67726	1.065
8	360687	1.060
2	9667	1.055

Price($)	Vol.	No.
1.080	28641	15
1.085	42673	15
1.090	55294	14
1.095	72837	11
1.100	195849	18

Last trade - 14.32pm 27/09/2024 (20 minute delay)

A4N (ASX) Chart