Like most on here, I was disappointed about the lack of progress and the vagueness, with no guidance as to when some of these stretch targets will be met.
However, although DR's presentation was a little shaky, I still believe there was a lot of confidence in the message he was delivering.
These were just a few of positive gems I gleaned from his delivery:
# There has been significant interest from a range of EV companies.
# Followed later by - 10 high value customer opportunities.
# was that an improvement in the 650 charging cycles? I seem to recall 500 was the last one reported - but could have missed the update.
# We now have targeted funding applications for Generation 1 and 2 cycling projects (rather than just the former shotgun approach which doesn't seemed to have achieved much at all!).
# He referred to multiple shots on goal in relation to the battery tech.
# Claims Anteo X is exceeding expectations.
# He mentioned he had received feedback just last week (no context) where decreasing costs and improved performance were identified by one party.
# He seemed quite categoric that 2024 was going to be our year.
I believe him to be a reasonable, responsible businessman, so I don't think he is making this stuff up.
I just wish, like all the rest, that he could get someone to sign on the dotted line real soon.
ADO Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
