Having been involved in some very large projects, it is very likely that MB have requested a commercial due diligence, which would include a balance sheet. If they are to absorb a new item into their supply chain they need stability and they wouldn't risk integrating something that then needs to be backed out (huge $$ and potential reputational risk). The optimist in me says they are in advanced discussions, maybe even imminent, hence the timing...must tick the boxes.
The pessimist in me has been buying and selling ADO since 2011 hoping for commercial success. I recently bought back in on the MB announcement, although there's still a lot of risk of that not happening IMO.
Ann: AnteoTech $3.5m Placement, launch of $5m Entitlement Offer, page-125
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Last
1.7¢ |
Change
-0.002(10.5%) |
Mkt cap ! $45.99M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.7¢ | $47.30K | 2.674M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2633152 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 509701 | 4 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| ADO (ASX) Chart |