Im still to see some business reason for this fall. We've had $10m (@14c/Jul16), $17m (@14c/Oct17) and $17m (@16.5c/Jul18) put in by sophosticated and inside investors, buying us $20m in development expenditure and $8m in land and property alongside other running costs. We're at the financing stage with 65% of the projects finances signed off. Confirmation of the mezzanine due dilligence will see us get most of the project cost funded with working capital the only unknown (OPEX has been $2.5m the last 3 FY's if thats a guide). The economics still stack up for me.
The market side seems to be whats driving all this. It will be interesting to see if there's a level that the institutional investors will look to acquire at. It's fair to say they've been non-existent in October. Having watched bid and offer transactions over the last month it does seem to have been driven down tactically. I still don't see how this would benefit major shareholders (let alone small holders). Dilution is only going to Impaft the significant 12.5% of the company held by the directors signing off on future financing proposals. I feel we're in the middle of some tactical trading, but I can't see how it plays out. Its been a tumultuous month globally, will invest again when a bottom seems to settle for a few days. I thought that'd be 10-11, but that's certainly wrong!
- Forums
- ASX - By Stock
- Ann: Altech - Schedule of Patent Applications Update
Im still to see some business reason for this fall. We've had...
-
-
- There are more pages in this discussion • 82 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATC (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $63.66M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.7¢ | $12.36K | 333.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 270408 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 532357 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 238908 | 0.037 |
7 | 877716 | 0.036 |
14 | 941536 | 0.035 |
4 | 94501 | 0.034 |
2 | 130000 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 532357 | 4 |
0.039 | 464070 | 4 |
0.040 | 877306 | 6 |
0.041 | 497963 | 4 |
0.042 | 421430 | 4 |
Last trade - 15.07pm 10/09/2024 (20 minute delay) ? |
Featured News
ATC (ASX) Chart |