Until an announcement comes price will move on many things as investors/traders speculate on what price the equity is worth.
Until cash is hitting the bank in the form of royaltys and upfront payments facts are ADO will remain speculative.
The difference in ADO's market cap at different price levels
@ current issued shares of 762m =
7cents = MCAP of 53m
8cents = MCAP of 60m
9cents = MCAP of 68m
What I am saying is that volatility will always be higher in this stage but is also when those can receive greatest returns.
When ADO turns cashflow positive its value will be more between 100-200m MCAP / 13-20cents shareprice with the possibility of signing any of the further 60+ companies without the risk of running out of money.
Well done to buyers today :)
ADO Price at posting:
7.6¢ Sentiment: Buy Disclosure: Held
