An interesting note buried on P21 of their 2016 full year...

An interesting note buried on P21 of their 2016 full year results...

"Carried forward tax losses of $15,120,591 (2015:$11,886,210) have not been brought to account as a deferred tax asset because it is not yet considered probable that they will reverse to the extent of being utilised in the future."

Hmmm!? I wonder how far into the future ALT intends to make enough money (positive net income) to start paying tax so that they can claim back carried forward tax losses). The wording of this note seems to indicate that at no foreseeable point in the future will the situation reverse...

Am I misreading this note? I certainly hope so.