Reading the latest announcement regarding the Industry...

Reading the latest announcement regarding the Industry Presentation, it would again appear that our Technical team continue to deliver the goods.
As a long term investor, I must compliment and thank them for their great work and obvious expertise.

Whilst we might not have the most advanced energy storage solution, our technology is significant and surely and most importantly, one the most economical solutions currently available world wide. Also, it can be easily incorporated into current manufacturing operations.

Again however, as a long term investor, whilst it is gratifying, it unfortunately offers little comfort, if our Management and Board are not able to commercialise the technology.

The recent SPP, whilst adding $6.8 m to our bank account, wiped nearly $50 m from our Market Cap.

There is no sugar coating it, this is an abysmal outcome for existing investors and most particularly long term holders.

The “new” management team, in raising the cash, that they obviously needed urgently, have also in doing so, given themselves a significant handicap.

They not only have to double our market Cap, just to get back to where we were a mere two months ago, but they have to do it quickly, with what resources they now have at their disposal.

In my opinion, they have now used up all the good will they had left with the investment community and shareholders.

For all of our sakes, let’s hope that the next 6 to 9 months sees a commercially significant agreement confirmed.

Gov grants would be great, but they don’t and won’t make ADO commercially viable, they only add some time before the end result - success or failure!

It’s now over to management, as it would be devastating to again see outstanding Australian technology sold off to an International conglomerate for a song!