Ann: FY2024 Full Year Results - Investor Presentation, page-35

Agree, still a buy.

But it is still all potential (potentially huge potential).

Anyone who didn't know Anteo and heard that presentation would be scratching their heads at the current market cap. Trouble is everyone who heard it knows Anteo.

The big questions not addressed were MC and funding and to investors these are very important and could stymie all the potential in the world.

As always, risk vs. reward is the play and in this scenario, if you take it on, you have no right to complain about the result - just accept it when it eventuates, good or bad.