G'day Stocky. IMO the company informs their shareholders and the public (the market) by way of ASX announcements. The market reacts to those announcements in either a positive, neutral or negative manner hence forming the SP. People in the market place are as well informed as they want to be with the modern day tools currently available. Some shareholders who have been posting on here for well in excess of 6 years trend towards second guessing what may happen or what they hopefully predict might happen in the future. None of that second guessing or hopefulness has resulted in any real SP appreciation since 2014 but in reality, actual SP depreciation in spades. The real interest will come on the day if it ever arrives that ADO have inked a substantial, watertight, revenue/profit generating contract with an end user. Accurate details of this contract will be integral to the markets reaction If or when that happens the SP may well double or even triple within a days trading dependent on the detail. ADO revenue/profit ability is still very much speculative and IMO some way off yet and with recent appointments and working capital drying up it will be interesting to see how they handle the markets perceived negativity with regard to some form of capital raising. Still speculative with high risk and high reward if you wish to be exposed.
ADO Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
(20min delay)