Ann: Half Yearly Report and Accounts, page-42

I do not know if you have personal experience with mergers or TOs, but one characteristic of the same is high volume churn at artificially low levels until ownership percentages are at targeted levels for all participants.

ADO is played by the book, in my opinion.
The merger / TO hand book, that is.

There is much anger here on the forum in regards to Bergen.
They are only the facilitators, as I see it, for other entities to accumulate at current prices.
It is almost as in to blame to the messenger.



It would also make sense here to take Twin's comment into account that a " liquidity event " is around the corner, funding the entire Diasource costs.
This can only be cornerstone/ merger/ TO related, no dilution at these levels can provide such cash.


In my humble opinion, board got a little set back because of additional testing regime one of the energy companies wanted to conduct before committing as a cornerstone.
Meanwhile, they accumulate at low levels until news are out, because low levels like these will then be history.
All in IMO