The management have eroded funds and achieved nothing.
If there is no clear guidance on the auction date in this quarter this company will trade below 0.3c very fast in my opinion.
Given the significance of an auction date it would probably warrant a separate announcement. As we have yet seen one I'm not holding much hope of seeing much in the quarterly apart from the usual overoptimism and high cash burn.
ALT Price at posting:
0.6¢ Sentiment: Sell Disclosure: Held
