2024 - The year of ADO, page-413

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Bottsy13

3,289 Posts.

379

07/02/24

16:16

Post #: 72287971
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Originally posted by opel24v: ↑

"What precedents might this fulfill?

Grants? Commercial deals?"

Might is the operative word. We can't wait forever for the $ to hit our account. Look at how long we've already waited and we currently don't have 2 quarters of funding available.

What is certain in the short-term is that without funding sorted a CR is guaranteed.

The last CR at 3.2c was massively undersubscribed by shareholders so the funds will probably get a gift when the next CR comes along.

Take a look at IMU. Their shareholder communication is first-rate and they have a MC that reflects that.
Any future capital raisings would be fully supported by their shareholders.
There MC is 10 times what ours is, yet they have arguably the same potential revenue.
How is that? While ADO has let their SP rot away, IMU has been doing everything to promote their story.

"I get the frustration…just chill for a couple days. more
news must literally be just days away now."

I am chilling but time is running out and if they do have to tap the market again I sure do hope they do it at multiples of today's SP and not at 2.5c!

As for "days away", I'm not holding my breath. I expect next company update at the end of the month along with the half yearly and if I'm wrong, I'll be pleasantly surprised

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Not going to lie pretty disappointed that they havent been able to get the pilot plant completed on time. It was the one kpi they had significant control over and the main equipment was ordered well in advance of construction.

ADO Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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2024 - The year of ADO, page-413

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

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Winsome scoping study proposes low-cost operation for Adina lithium project

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Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

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2024 - The year of ADO, page-413

Top Stories

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

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