lol, mate, I certainly appreciate your posts and respect your...

lol, mate, I certainly appreciate your posts and respect your views but I have to say, actually I didn't forget anything, but I may not have made myself clear. And we pretty much agree I think.
It's just the way I like to approach things, to make sure the rose coloured glasses aren't going on an LSD trip and I'm not seeing things that aren't there.

So maybe to clarify, we can't value it on a high PE, anticipating growth, because it's still operating at a loss and you can't calculate a PE. It's all about anticipated future earnings, as you suggest, so it's useful to know how much of those future earnings are already priced in. Or at least that's how I like to operate.

So, as I said, something like 6+ more deals of the latest one's size are needed (by my estimation of deal worth) to justify current market value based on ANTICIPATED EARNINGS; that's what we are ANTICIPATING with this market price already.

That's all fine by me and exactly what you'd expect. imho it just pays to know how much ahead you are anticipating earnings, relative to the rate new deals are coming in.

If Geoff and his team somehow fail to bring in more deals over the next few months then the market MIGHT start to think twice about valuing it where it is. But if he brings in several deals over that time, as the market is anticipating, then the market will be confident of further deals still and continue to rerate. And the upside is rather large.
ADO just needs to keep delivering now.

As you say, if you are investing looking a year ahead and you are confident that ADO will be a success, then you'd be happy to buy now, assuming the deals will get done over that sort of timeframe. If you tend to worry about what your money does in the next 1, 2, 3 and 6 months then you'd want Geoff to keep pumping out the deals within that period, cause the price already anticipates that and imho shorter term traders will sell out if the deals don't continue to flow .