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.
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Last
2.2¢ |
Change
0.001(4.76%) |
Mkt cap ! $54.30M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $16.61K | 757.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 375200 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 529685 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 375200 | 0.021 |
18 | 2271259 | 0.020 |
7 | 1170003 | 0.019 |
4 | 2046000 | 0.018 |
4 | 1480748 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 529685 | 2 |
0.023 | 897212 | 9 |
0.024 | 2075520 | 10 |
0.025 | 2588593 | 10 |
0.026 | 942069 | 4 |
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