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ADO Charting and Technical Analysis, page-6114

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19/10/22

14:38

Post #: 64279774
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Originally posted by What A Gas: ↑

"Here we go to prep the stock for the 5 cent CR"

Couldn't agree more on that one. Not a popular opinion I suspect, but there are a few ducks lined up.

- Unless there has been some substantial income that we are unaware of last quarter, or there is a near term income stream or upfront deal, more sheckles will be needed soon.

- Tomorrows rather surprise webinar could signal that a promising vision / pipeline are in train (not necessarily pumping, but real information).

- The feeble pump of the past few days to give a 5 day (or whatever) VWAP to enable 5 cents raise to be in place before the AGM.

- The new chair has bitten the bullet and said 'fire it.

[Wouldn't be of concern to me IF I can be convinced that there is still potential for a medium to long term future here, but that more bucks are promptly needed in the kitty. 200 million @ 5 cents = $10m (with 10% dilution). Diarise it. As a few have previously said, we are at the stage where money has to be spent in order to make it. DT & JH can take the hit for churning through our previous CR with no result. We wouldn't want to throw out the baby with the bathwater - would we?]

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Hi WAG,
I too have pondered the sudden announcement of the investor presidency and lift in SP over the last week, unfortunately I did come to the same conclusion of the distinct possibility of a CR to be announced next week unfortunately.

ADO Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $52.28M

Open	High	Low	Value	Volume
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ADO Charting and Technical Analysis, page-6114

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ADO Charting and Technical Analysis, page-6114

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