Lets wait and see @ds - My feeling is price was artificially lower during 2015 because of the pending acquisition
Once this is finalised and normal programming recommences the brakes will be taken off IMO
My price range is realistic based on a few comparisons
There will be a different demand for ADO stock post the merger
If First Cape (Largest shareholder ) go in harder then their entitlements and scoop up shortfall that will be a massive green light for me - Just on their holding alone they would be looking at over $1.5m towards the transaction - Wonder how hungry are they ... $2m , $3m, $4m, $5m??
ADO Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
