gees an interesting days reading today. pitchforks are at the ready.
we had 1 of the biggest obstacles to the company posted by many, was funding. we just had $4m raised thru inst and Soph investors. and more to come from shareholders. we are funded well into next year.
the anteoX production facility and expansion is being fast tracked. who isn't happy to hear that ?
I don't believe any kpi's have been missed. the important kpi's are for this quarter, which still has 2 months to go. they were all again mentioned in the prospectus. should be interesting reading in the upcoming quarterly.
our tech results are still the same. nothing has changed with that. all commercialisation was to come late this year and into 2024. that hasn't changed.
non dilutionary funding isn't finished (imo) just hasn't arrived soon enough. use of funds - anteox commercialisation and development activities $2.25m. haven't we developed anteoX. why do we need $2.25m. some funding require 1 for 1. something to watch.
also with non dilutionary funding, we don't need much more for anteoX but will need plenty for full development of our high silicon anodes. if qld cic or national nrf don't come to the party, I can see our tech being developed overseas. how keen are qld govt and albo to support Australian clean energy tech. they say they are, remember the awards and minister visits. neither of the funds have started yet.
so what has changed, no-one is happy with the dilution coming from raising at these levels, but all that has changed with the company is that it is now funded into late 2024.
and this rubbish about the options conversion at 6.4c is where the company sees the company being, should check ADOOA's history. conversion was at 3c but ado hit 49.5c during their time. I'll be happy if we hit 16 x 6.4c.
GLTAH, DYOR, etc etc
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