Nice thinking dolce but I would add that cash is not the only way to acquire a company there could be a scrip offer, in which case technically we don't need any cash. Having said that, my gut feel is any acquisition would be made through cash and scrip, perhaps an SPP to cover missing cash. Further to that, there was a mention of Ferghana coming on board "due to our market cap" (paraphrased), which suggests to me that offering shares is definitely in play, as with an increased SP we would need to dilute less for existing shareholders. 20c IMO would be a sweetspot for a take over of a small value accretive takeover.
ADO Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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