ATC 4.88% 3.9¢ altech batteries ltd

Ann: Altech - CRU Upgrades Base-Case HPA Demand Forecast, page-54

  1. 1,052 Posts.
    lightbulb Created with Sketch. 905
    Yes, I did see that but wasn't sure exactly what it implied. Previous announcements have stated:

    19/02/2019
    ....... an independent legaldue diligence report; internal financial modeling; and inter-creditor discussions with the senior lender – Germangovernment owned KfW IPEX-Bank. The Company understands that the steps outlined above can be largelyconducted concurrently

    30/04/2019 (Previous Quarterly)
    ........and the bank has initiated a market review having appointed London firm CRU Consulting and is progressing with legal reviews and the appointment of Australian, Malaysian and German legal firms.

    and now from this quarterly - the initiation of a detailed legal due diligence
    So what has actually been done on the legal front so far?
    I/we have been lead to assume the legal work had been progressing along in the background for the past 4 months but now we are told oh yes but now a detailed legal diligence has stated.
    Given the 'initiation' statement was linked to the CRU Consulting announcement on 3/7, I hope that at least some of the work required was done prior given the previous statements above.

 
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