Stocky
The reality is that there is over a billion shares on issue and only a bare 2 million bucks left in the kitty.
Unless we receive news that drives the SP up significantly in the next 3 or so months then capital will need to be raised.
The raising will more than likely be at a decent discount to the SP at that time. If that happens then existing holders will more than likely suffer severe dilution. Also don't discount the possibility of a share consolidation/reconstruction
ADO is still speculative and very risky so lets all pray for a telling announcement that at least propels the SP in the short term to 5 or 6 cents or more.
Best of luck
No selling is a good thing, page-2
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Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $49.37M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.8¢ | $202.2K | 10.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1566052 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 604706 | 5 |
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| Last trade - 15.57pm 15/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |