Having read recent posts, I thought I'd use a new title to get the point across that many people seem to be missing.
ALT's cash position is strong, with excellent & very capable support from cornerstone investors (Chairman & INOV8) as demonstrated by the recent placement. INOV8 is in fact Peter Corr, & as explained by someone else in the following post, he will be managing the license deal auction:
https://hotcopper.com.au/threads/can-they-get-there.3075596/page-77?post_id=22139693#.WJ5rYn-k254
Both the Chairman & INOV8 (Peter Corr) clearly have considerable means & are able to provide more funds as needed - if in fact they are ever needed. The current placement was
not done at a discount - which is admirable. Looking at the cash position, ALT are in good shape for at least 6 months, with another million dollar plus R&D refund to come later in the year:
|
Column 1 |
Column 2 |
Column 3 |
| 1 |
|
$k |
Source |
| 2 |
Cash at 31Dec16 |
1,228 |
Dec16 4C report |
| 3 |
add Feb17 Placement |
1,442 |
Placement announcement |
| 4 |
|
2,670 |
|
| 5 |
Q1 cash outflow |
(955) |
Dec16 4C report |
| 6 |
est cash 31 Mar17 |
1,715 |
|
| 7 |
est Q2 cash outflow |
(955) |
est same as Q1 |
| 8 |
est cash 30 Jun17 |
760 |
|
Looking at the words used in ALT's recent announcements, we should expect the V3 to be released shortly ["
Imminent Release of V3" - Capital Raising 31Jan17], creating the final product that will be core to the Licensing Deal.
"The Board and management appreciate the confidence of our major shareholders for supporting share placements (without discount), totaling $1,442k, which ensures the company has sufficient capital to
complete the roll out of the V3 and
advance negotiations with a licensing partner" - Capital Raising Announcement 31Jan17.
That is all seriously exciting!! Not many other micro-caps have major shareholders with very strong
involvement, commitment & financial resources to ensure their goals are ultimately fulfilled.
I'm currently buying more at these levels, & anyone who is underwater should seriously consider buying more at these levels whilst they last!
IMO only, DiaYOR
