ATC

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5.0¢ altech batteries ltd

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42trader

2,108 Posts.

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11/09/18

18:04

Post #: 35529716
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Originally posted by jgroenheide ↑

Well I told you all while the SPP was on to hold onto your money and I was flamed for not funding the "investment vehicle".

I did not take up the SPP for this exact reason.

The price was always going to drift. The market at the time knew the deal was a while off and with lack of material (actual price sensitive) newsflow the price was certainly not going to go upwards materially. I even got it wrong buying a chunk at 17.5c

Its not that concerning however if you are invested for the long term when things start to gain some traction the market will jump back on in a flash.

Feel free to flame me again for those that wish. but to be fair we kind of don't still really know what we are investing in, in the terms of Company structure. Every company presentation they are mentioning "joint venture" but seem to be on the path to 100% ATC ownership with a heap of debt. We are arguable less then 3 months (from the stated timetable to finance approval) and the market still does not know. We get investor presentations that consistently re-iterate the same thing and its a game comparing the presentations for different content to look for clues.

If you are invested for the long term I would not be worried about the short term deviations and market movements. My point is that when there is uncertainty like there is currently, a lot of money is going to sit on the side and wait till things are more clearer.

Unfortunately thats the way the market is these days. People want a return as soon as they invest from day 1.

Still bullish on ATC and not knocking the company. But while it continues to drag on the price will just flounder about.

probably a good job by management to raise when they did anyway.

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Agree the price will bobble around until some of the uncertainly is locked away. As it stands right now ATC is still only funded in theory. No signed arrangements no certainty. Even then with the timelines we are talking about until production the SP will always be subject to long periods of no news so will likely see many downward drifts from highs.

ATC Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $85.52M

Open	High	Low	Value	Volume
5.0¢	5.1¢	5.0¢	$51.20K	1.021M

Buyers (Bids)

No.	Vol.	Price($)
7	1788510	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
5.1¢	387774	5

View Market Depth

No.	Vol.	Price($)
6	892710	0.050
4	389867	0.049
4	120417	0.048
4	59112	0.047
5	245201	0.046

Price($)	Vol.	No.
0.051	387774	5
0.052	559480	3
0.053	126310	3
0.055	132000	2
0.056	39000	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

ATC (ASX) Chart

ATC Chart, page-161

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ATC Chart, page-161

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