It may well do, although i'm repeatedly shown to be wrong making...

It may well do, although i'm repeatedly shown to be wrong making SP calls here

As we all know, the $4m yolk around our neck is the Blue Sky's holdings. But to look for some positives, the directors are buying, and Blue Sky aren't selling. Clearly that suggests both parties believe we are undervalued @ sub 5 cents.
Blue Sky in particular could have sold us 'down the river' if they thought we were at or above fair value, and that their money could be better utilised elsewhere... they haven't.

Ms.Quirke's suberb 40min Morgans update posted by @surfyy mid-November summarised brilliantly how far we've come, and where we are heading.
And interestingly at the back end of that presso, she mentioned 'Henslow' and 'Veritas Technologies' were "working on" (NB: not looking at) "a bookbuild" for the BS volume.

So was it 'Veritas Technologies', or 'Veritas Securities' ??
I wonder.., freudian slip perhaps?

I know you like a chart MAUOMBO, so here's one;

• We can see the trend over the last 3 months is up, albeit snail paced.
• The volume over that period is up too, obviously aided by directors buying, but hardly a reason to dismiss it for that!
• Currently very close to the 200EMA ($0.0475), often considered an important level for support/resistance.
• Ichimoku Cloud is green now, for only the 2nd time in 11mths... (and nope, no idea what it means either, other than it being a forward extrapolation).

And a summary of the weekly TA confirms this is considered a buy;

https://www.tradingview.com/symbols/ASX-ALC/technicals/​

Personally i think 2019 will be our watershed year, but i thought 2017 and 2018 were going to be too, so what do i know.