If the sp drops to 1.4c fatty, the company will be well and truly f&*%ed.
A glimmer of hope might be found in the following excerpt from the Trinseo announcement on Feb 22.
" AnteoTech Ltd (ASX: ADO) (“AnteoTech” or “the Company”) is pleased to announce that it’s wholly owned subsidiary Anteo Energy Pty Ltd (Anteo Energy) has entered into a non-binding Memorandum of Understanding (MOU) with specialty material solutions provider Trinseo Europe GmbH (Trinseo) to develop a program with agreed milestones that results in the execution of a commercial agreement over coming months."
It's been 2 months already since that announcement. Maybe another couple and they might sign something before July. The unanswered questions of course are the nature of the confidential milestones and exactly what is meant by "coming months"
The screen shot I posted yesterday shows anticipated AnteoX income not arriving till late next financial year. If that's the case then Ursula won't have to learn Russian either! Hopefully Anteo have been conservative with their financial projections and dollars arrive before the company has to put up the shutters.
ADO Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
