Lots of potential still there. With a market cap of $40M, and an enterprise value of $33M -- the value/risk proposition for this spec stock is well on the buy side for me now.
I sold out in Jan 2022, and am back in as of Jan 2025. As usual, doing a poor job of catching a falling-knife, 1.7c is my average buy but I'm happy enough with the portion of the opportunity I've bought.
This presentation does excite me as it appears to be the first time for ages they have advertised to new shareholders. I understand the jaded holders who are well underwater not throwing more coin in. There can't be many like me who were out, but kept an eye on the value proposition - not enough of us to pickup a sell-out. Without new blood the company will struggle to survive with its expenditure level to income (and it does have real reliable income every quarter, just not enough for the expense level).
ADO Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
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