Nothing new, just another confirmation that they need a serious...

Nothing new, just another confirmation that they need a serious (binding take or pay) off-take agreement with an end user for the hpa production in order to get the measly 90 Million$ loan from Macquarie. This is another proof that the Mitsubishi off-take for ALL production was a joke. My biggest worry is the almost nonexistent management ownership of the company. the CEO main remuneration is collecting his salary and not the appreciation of the share price.


For the proposed US$90 million mezzanine loan facility with
preferred Mezzanine lender Macquarie Bank, during the quarter
the Company was able to continue to engage with a number of
strategic groups associated with the European EV sector, that
are interested in securing high purity alumina supply. Also, Mr
Uwe Ahrens (Altech alternate director and member of the
management board of AAM) was able to continue with his
German based work. Although face-to-face meetings were
limited by the COVID-19 situation, teleconference and internet
facilitated meetings were possible – with progress being made
with potential HPA end users. Uwe has made significant
progress under difficult circumstances since the
commencement of his posting to Germany in late
January 2020.