ATC 15.9% 5.8¢ altech batteries ltd

Ann: Quarterly Activities Report, page-7

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  1. 1,065 Posts.
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    Macquarie has now commissioned London headquartered CRUConsulting to conduct a HPA market report as part of itsongoing project due diligence, legal due diligence has alsocommenced.
    The CRU report should have been done in parallel with technical due diligence. We would be better off if Altech commissioned and funded the report back in October when it was first announced that it was a Macquarie requirement.

    Macquarie's in-house financial modeling of theproject has also largely been completed, the principaloutstanding input is a HPA price forecast information from theCRU Consulting market analysis.
    So now it looks like the reports on the critical path as I feared for several months now.
    Five weeks ago I predicted mid/late May for this report to be received by the Macquarie. I await but not holding my breath. Hopefully, they surprise us earlier.

 
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