Ann: Altech - Appointment of Experienced German based Director, page-17

Three things have gone wrong

1. Inability to obtain full finance.
2. Believing Macquarie would come through
3. Being shafted by Macquarie for the past 2.5 years

Many investors have lost confidence they will ultimately succeed.
Many others have left thinking finance will eventually come but not in the near future.
All the positives and ticked boxes remain.
If the successful announcement comes, then eventually a 10 bag from the current 4c is likely IMO.
The Mitsubishi offtake is just a trading broker sales agreement. Apparently not good enough for Macquarie but fine with KfW bank.
They are now fixated on finance and searching for it at the heart of the European EV revolution.
The biggest challange for all the HPA hopefuls is/will be finance.
Talking to the company over the past few years has opened my eyes to a very tough financing world and COVID has made it a lot more unstable and difficult.
Big market caps on these hopefuls can disappear very quickly - ATC is a great example so beware.
Having said that, the risk/reward ATC now offers with a SP of 4c is compelling IMO. I wish I was investing in it for the first time now.