Hi REO, i think you've slightly mis-interpreted my point, I think other posters have been trying to suggest that delay in and/or failure of the POC1 deal would be calamitous for ADO. What I was trying to say is that POC1 have played hard ball for a long time and at the very least may delay for some time before anything happens. It would be very disappointing after such a huge amount of work by ADO and all the positive indications from POC1 (e.g. paying for scientists and equipment) came to nought, but in reality there has been no substantive ASX release about who they are and how things might pan out in a commercial sense and if they're who we think they are the corporate types and pride of the enormous machine may cut off their nose to spite their face and walk away.
My point more was that I see the BBI deal as being far more significant and important not to mention more commercially developed, hence more important to the overall survival of ADO and that if the BBI deal goes ahead that it easily justifies the current market cap alone. This view is reinforced from my limited communication with the company.
I couldn't agree more that the hysteria here is often out of hand and many new investors may face significant short term loses if delays/disappointments occur, I also have a very substantial investment in ADO and have been a holder/watcher for several years - I owe a huge debt of gratitude to Twin and others in helping to re-affirm my own confidence and understanding of where ADO are and what they might achieve, but without criticising them I think many new posters read their input with an entirely uncritical eye and more importantly without doing their own confirmatory research and with the self-awareness of how they invest relative to their own risk profile and possible timeframes. Given the commentary on the top 200 have any of them been averaging up? Can they honestly say that if they held none and were about to buy/were sitting on slim profits, that they'd have the same confidence and conviction in buying now?
ADO Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
