Stocky you are dead right IMO. Revenue is the key to serious SP appreciation.
Despite what others are saying, trading in ADO relative to the nearly 1.2 billion shares on issue has been miniscule.
Other than the day of the last announcement there has been no buying pressure whatsoever hence the SP stagnates at around 1.9 cents.
I reckon buyers are hesitant on a few fronts, namely past performance and the need for operational funds in the very near future. The market seems to be thinking that a capital raising is imminent IMO.
The battery speculation is real but the big speculation is, can they ink a significant revenue/profit generating deal in the next 3 or so months.
Interesting times.
Share Price, page-74
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $44.43M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.8¢ | $158.8K | 8.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1644979 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1950499 | 2 |
View Market Depth
| Last trade - 13.42pm 15/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |