Alterra Limited (AU:1AG) has released an update.
Alterra Limited reported a productive quarter with substantial progress on orchard maintenance and dam construction, while also concluding a shareholder buyback and preparing for a future investment decision on Stage 4 planting. The company’s safety record remained strong with no reportable incidents, and financially, Alterra secured a temporary loan extension and successfully sold its interest in Carbon Conscious Investments Limited, bolstering its cash position. Shareholders were advised of the upcoming removal from the ASX official list, with the company’s cash reserves reported at $204K as of June 30, 2024.
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