not sure how this plays out, page-20

I agree with Dolcevita.

Were ADO either cash-strapped, or needed lots of $$s to go into production, a takeover would be perhaps regrettable but understandable. Same problem faced by fledgling mining companies with good discoveries, and biotechs that for example need to move to a Phase 3 clinical test with the FDA. I recall that ds has on a number of occasions emphasised the significance of ADO reaching positive cash flow, and I wouldn't be surprised to see that occur within twelve months.

So I think dv is right about the company's situation, and I believe she's right about major shareholder's attitudes. Any proposed T/O would be rejected by the Board, and by the majority of shareholdings.

Meanwhile, I've been recalling how during long droughts, farmers sometimes console themselves and re-assure their neighbours, saying that "it's one day closer to rain". Now they can actually be 100% right with that prediction, regardless of personal solvency. Anteo can't provide 100% certainty that we're one day closer to signing some really big names, but we have seen steady developments especially over the last six months (the last AGM was just over 6 months ago), a bit like the build-up towards the breaking of a drought. So as I see it, we're another day closer to big signings.

Meanwhile, considering the quiet today, I don't think yesterday's action indicates any serious overseas interest. We HC locals may have generated most of it. But who knows? Maybe we'll hang around the low sixes for a while, sustained by the last quarterly and our confidence that we're one day closer. The last quarterly was such a big step up from its predecessor, it makes me wonder what the next one will contain.