Thanks TaneNui. I think a few of the forecasters here don't like the fact that I have a memory.
Even with the recent SP spike, the SP is still roughly around where it finished 2012 at. While everyone gets prematurely excited about price movements, I'm still focused on three things - cash pile, revenue and the progress of deals.
The cash pile is falling (though there is likely to be a small boost with another government handout), revenue is still insiginificant, and there have been no company making deals.
The only positive is that as more time has passed, the progress of trials and negotiations for deals etc would also hopefully have come closer to achieving a positive outcome.
Meanwhile, trying to guess the timing of the announcement of deals or insitutional holders buying in based on an uptick in ADO's SP is a mugs game, given that to date, the CEO seems to have run a pretty tight ship in this regard. In the game of probability, if you keep saying "it's going to rain today" every day for 20 days, and it's sunny for 19 days straight, I wouldn't go on to say you're a great forecaster when it finally rains on the 21st day. I'm sure there will be a few in here that will have amnesia for the past three years though and gloat about their powers of prediction.
ADO Price at posting:
6.3¢ Sentiment: ST Sell Disclosure: Held
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