Changing tack here but are there any thoughts on a potential raising soon given their cash at bank ($3.7m, including $2.0m call deposits) and their appointment of Taylor Collison in November?
They mention TC's experience in ECM and M&A but I couldn't see ADN doing any material M&A at this stage (unless it's funded through scrip and/or part equity raise).
Perhaps this has been hashed out previously but interested in thoughts on this risk. Especially given their recent run, may be looking to capitalise on the momentum.
No pos.
General comments/chat, page-14845
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