Based on historic market response to any information about the status of ADG regulatory approvals, it seems unlikely that an approvals announcements would have much positive effect on the SP.
I tend to agree with @playwithfire about the near-future SP trajectory....$0.006 is looking likely sometime in the next few months due to news flow & a dwindling cash position.
In contrast to the probable market response toward a regulatory approvals announcement, a $15M JV funding announcement would likely receive a positive & very enthusiastic market response accompanied with a share price re-rate. However, the probability of a $15M JV funding announcement happening sometime in 2023 is somewhere between slim to none IMO.
Based on historic market response to any information about the...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.471M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $501 | 125.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 24751635 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1646870 | 4 |
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| Last trade - 10.00am 04/10/2024 (20 minute delay) ? |
| ADG (ASX) Chart |