Now that the June quarterly has come out and there are only 5 months remaining in 2023 it's time to review the forecasts that I made in Jan this year. To some like @nastyG these forecasts were a 'total downramp' and to @opel24v 'all the idiots come out when we're down'. Well, how close are the forecasts to reality made by a downramping idiot. Someone that never makes a forecast is never wrong. Easy to find a hindsight expert.
Whilst the weekly has been looking good almost every week according to some it was reasonably clear at the beginning of the year that sub 3 cents was coming and would be next to impossible to stop and today was the day the 2.8 cents forecast got hit. The rest of the forecasts are also on track except for the high point as I thought there would be a bit more of a pump at some point in the first half of the year based on some hype. Every sign at the beginning of the year pointed to the need for a capital raise so it was surprising that most people didn't think one would come. The most disappointing thing to me and the reason to sell was ADO effectively dumping Sepsis testing with no mention of it in the last few quarterlies. I still hope that ADO somehow get a good deal signed up but the chances of that are limited by the end of the year.
1 Highest Share Price in 2023 .063 2 Highest Share Price in 2023 $0.063 3 Lowest Share Price in 2023 $0.028 4 Capital Raise Required Yes 5 COVID/FLU Test to be approved & on sale in Australia NO 6 SEPSIS test to be completed and on sale in Australia NO 7 1000 cycles achieved for silicone anode NO 8 Major deal signed with battery manufacturer NO 9 Declaration month that 2024 will be the year of ADO OCTOBER
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