ado research, major re rate on the way, page-37

JIA and GP,

Thanks for the feedback & info.

I have read the Souther Cross Equities coverage report a few times - explains things really well. Was following this thread for a few months as well before I jumped in and bought - some superb research from people that obviously know there stuff.

What I'm struggling with is how to value the company. It does seem ii could be mutliples of todays value (if? when?) they get a couple of majors signed up. What do you believe could be the impediments to that? what competition (if any)? Royalty payments (double digit percentages?).

It feels like it could be a snowball effect. It would take just one major to sign and the others will potentially follow (better to be in than out).

The other thought I've got is if this glue is really that good are they a potential take over target? Does the Chairman/Directors hold a blocking stake in the coy?

Cheers

Maddoc