Well put, Mimmo. Although it has all the attractions of sitting...

First 61 Last

Share
Profile

Follow
Fat Harrys Cat

4,947 Posts.

1028

30/01/24

16:39

Post #: 72139068
Share

Originally posted by mimmo: ↑

With everything progressing but nothing coming to fruition in the quarterly, perhaps Warick Grigor was on the money when he said mid year was when we'd know if an EV company was going to buy in.

In the quarterly Anteo also flagged the protracted process undertaken by EV and battery companies before any commercial decisions are made.

If the Trinseo and Wyon sagas are any indication, we might be in for a bit longer wait. The market seems to agree with that sentiment unfortunately.

As others have alluded to and David articulated in the quarterly, the completion and functioning of the pilot plant (I hate that term), would appear to be a major factor in establishing credibility for Anteo. Supply chain issues are front and centre these days and no-one is likely to sign up unless supply is guaranteed.

I don't think this production capability should be underestimated.

Someone took advantage of the "hold the line" quarterly yesterday with 300K short sales. Wonder who's lending their shares out to enable this?

Longer and slower than we'd all like, but for me, the current price represents a good buying opportunity.

Expand

Well put, Mimmo.
Although it has all the attractions of sitting one’s bare butt on a red-hot stove, I am prepared to hold until mid year, by which time the plant should be in full swing and the warehouse full of stock. (Or, even better, empty due to it all having been sold.)

ADO Price at posting: 3.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Your questions From the Floor: Investment experts respond...

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?