David Radford himself said clearly that he was only looking to...

David Radford himself said clearly that he was only looking to raise a small amount $4mil to avoid overly diluting the existing shareholders.

HIS words, not mine. at 5mins in. Aug 30 2023 webinar.

to enable us to deliver on some of these commercialisation targets.etc

So Radford's aware of the problem of dilution and it's clearly limiting how much he can raise by share issues,
even if you are not and gives it express mention as you pretend it's not an issue (it is). For the reasons I previously stated.

Over 2 billion SOI is a heck of an overhang and making it seem intentional to limit a CR to protect shareholders is putting a very brave face on it. But props to him for being articulate I did speed up the video to 1.5 it's about right, with the subtitles on.

Focusing on applying for government and other nondilutionary grants, tax concessions and R&D credits etc etc. at 6 mins in.

Radford's inherited a heck of a challenge, but I'm actually impressed with his savvy. New Chair looks ok too.

Importantly he's also got rid of a lot of the hanger's on, (friends of Geoff Cummings? it's been far too matey in there)
...to streamline to focus on delivering some of the [commercialisation] milestones actions that were previously howled down in here but were totally necessary.

Also the self described friend of the shareholders Matt Sanderson has lost his seat on the Board and rightfully so. That whole episode was a disaster, set the company back yet again and he did nothing to justify his seat and seemed to have difficulty grasping basic Director's duties and non disclosure rules.
You cannot have blockers on Boards who do nothing and may even leak, especially when needing to run a tight ship.

No mention of Mix n Go! So sad! That was GC's fav term it was his!...lol!

Radford seems to have a clear idea of how to negotiate and has got on the front foot with agreement proposals instead of the Cummings way which is to say, look what we can do, now find us a role, and get regulatory approval for us.

Did. Not. Work.

Good to see the Oil & Gas/Miner Chairman has gone that was a shocking waste of space. The board and management used to look like a bunch of hillbillies.

Overall pleasantly surprised at the turn of events.

But 2 billion constrains you for borrowing and means you are vulnerable in negotiations at least at the early stages, the other side can see how desperate you are so it's a balance of how much they need you. THIS is why MSB is in the process of raising a runway of about 2 years capital. You don't appreciate this strategy which is not open to Radford. He may be banking on how essential the technology is, a point I've made many times. It's still risky both are but the difference is MSB's MD put in $3 million of his own money. I am yet to see anything like that happen with ADO quite the opposite.

Will keep a watch on ADO. I can't say I'm in a rush to rejoin the fray but you boys just don't seem to be able to keep away from me! LOL.

Here's a thought: what if both MSB AND ADO became successful?

And if at the right time, I bought back into ADO?

That would really mess you up psychologically.

It's a market not footy teams that you cannot leave!!

You're far too binary in your thinking.

But it is funny though!

This Chair and Board aren't a bunch of bully boys any more. GC has a place but it's small and he should never have been MD not in a zillion years IMO. He only works well under close direction and this MD would not be putting up with any nonsense. He looks a bit ragged these days like he's dumpster diving at Woolies on the weekend. Just having a laugh!

Naked aggression doesn't solve anything and it never did.

You can keep on ridiculing me but it won't do jack.