I’ve had some interesting reading over coffee this morning. Another “MOU”. My general opinion of MOUs is that I wouldn’t use them to wipe my bum with. They are intrinsically worthless. But they indicate an interest and that the parties are talking with each other so that’s good. In this particular case though, it seems more appealing than the Trinseo/Wyon MOUs. Why? Because there is a short time frame attached. The battery MOUs were open-ended…they could stretch them out as long as they liked I believe. POC test developers are also in a very competitive market. They are looking for anything that will give them the tiniest advantage price-wise or sensitivity wise or accuracy wise. They are also watching the clock. They can’t dither around for years…their competitors will eat them. So, all in all I feel slightly positive about the ANN. I will even suppress my cynical self that this might be part of a P&D to get votes for the AGM. Hell…I might even buy some more!
ADO Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
