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Saturday, December 3, 2022

Todays Equity Focus is AUSCRETE CORP (OTCBB:ASCK)

AUSCRETE CORP (OTCBB:ASCK) hit the bb’s in recent weeks and has been highly active, establishing itself among the volume leaders on the bb’s the stock has been helped along by a number of email based newsletters.

ASCK is a Wyoming registered public company and has its office in Rufus, Oregon. It was incorporated on December 31, 2009 and became effective in December 2014.

AUSCRETE CORP (OTCBB:ASCK) was established to finance the construction and implementation of a manufacturing facility for Auscrete’s building products. Auscrete Corporation possesses certain proprietary technology in cellular lightweight concrete manufacturing.

Auscrete Cellular Concrete (“ACC”) is the culmination of the refinements made to a technology developed in Australia in the mid 1980’s. According to ASCK the Australian product has been used in many parts of the world in construction, and Auscrete has further developed it in the US by creating a thermally efficient building system.

A pilot plant was commenced in 2007 at Rufus, OR and trial products, such as houses, commercial building and amenities facilities were constructed.

Since commencing re-development of the basic technology almost ten years ago, Auscrete’s engineers have refined and modified the basic ACC formulautilizing various bubble producing machines that create the infusion of millions of tiny air bubbles into a special inert concrete mix thus producing a lightweight product without sacrificing strength or structural integrity.

A number of specialized machines have been fabricated for the manufacturing of ACC including machinery that can produce various sized bubbles, hydraulically operated casting beds, concrete batching plant, materials handling equipment, specialized finishing machines and a “Hot Box” materials thermal testing cabinet that gives thermal “R” ratings of materials to ASTM specifications. Additionally, many sample panels have been produced for testing and for the construction of structures.

In October ASCX said it recently acquired all of the new technology based manufacturing plant previously used in the design and development of Auscrete “affordable housing” products. This enables the company to resume production of their Eco-Friendly lightweight concrete building materials and provide construction of technologically advanced site built homes and commercial structures.

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The company’s homes are constructed of highly specialized hybrid insulated concrete walls and roofs that will not burn, have extremely high thermal efficiency and excellent noise abatement.

Company director and past city Mayor, Cliff Jett, said “the company builds very attractive, modern homes, with soaring ceilings, open plan interiors, gourmet kitchens and full environmental system with garages and lots of storage for less than $100 per square foot, turnkey.”

On December 1 ASCK announced they have sourced first level financing to establish their new building and casting plant. This will enable Auscrete to commence a contract starting next Spring for the construction of 130 affordable family homes.

The $19.6 million contract will take 3 years to complete and there are indications that it could be extended to include a further 92 homes. The two housing estates have acceptable requirements for exterior appearance rules and the homes will range generally from Southwestern to Spanish and Ranch style.

According to ASCK the new plant will be able to produce the equivalent of 100 homes per year or a combination of residential and commercial structures. Auscrete’s existing pilot plant has a capacity output of only 4-5 houses per year.

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Currently trading at a $18 million market valuation ASCK has minimal assets or revenues and rising short term debt. At the same time ASCK is an exciting story in small caps; this is a brand new stock that trades well and is highly liquid and the Company has been making big moves in recent days as they plan production of their Eco-Friendly lightweight concrete building materials. We will be updating on ASCK when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ASCK.

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Disclosure: we hold no position in ASCK either long or short and we have not been compensated for this article.

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