Well, good luck to you mate. I rue the day I ever bought back in...

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Fat Harrys Cat

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1028

31/07/23

16:25

Post #: 69084696
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Originally posted by mimmo: ↑

Pretty much Fatty, relative to what I was holding.

I both trade ADO and have held a slowly diminishing amount for quite some time.
Sold a lot during the failed flag/pennant period but kept some just in case management came good.

Sadly my optimism has been overwhelmed by the crushing reality of a dilutive cap raise and pathetic income for the last quarter. With all the bluster and rhetoric of short term Anteobind income last quarter, I was somewhat dismayed to see the dismal figure in the 4C. Perhaps rather than it being a typo in the top line of the diagram below, maybe 2032 was intentional. I jest of course.

Similarly the anticipation of grant funding hasn't materialised despite the announcement of a "Consultant engaged and developing grant submissions for non-dilutional funding" back in February. Now the company is talking dollar for dollar funding maybe by the end of the year. It's going to be a small grant on that basis if Anteo has to cough up.
"AnteoTech has commenced the process to apply for three separate grants for government funding through a matched funding model, to advance the development of the Clean Energy Technologies. These Australian grants, if successful will enable the accelerated development of the silicon anode project and also expansion into the newer target areas that may include green hydrogen. It is not anticipated that the Company will receive a response prior to late 2023 due to the processes for the applications." With placement shares to flood the market throughout August as well, it might be a long month for shareholders.

So yes, I hold a very small amount just in case but relative to what I did hold, mentally it feels like I'm now a non holder if that makes sense.

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Well, good luck to you mate.
I rue the day I ever bought back in after the Great Crash following the Webinar from Hell.
I’m only holding in the (probably forlorn) hope that a miracle occurs. Once it passes my purchase price I’m out. This company seemingly has a curse on it. If it’s not dogged by incompetence, bad timing or red tape, it’s now a court case by a disgruntled “collaborator”. Throw in an obsessive determination NOT to inform SH, and you have a SP where it is. And it may well go lower.

ADO Price at posting: 2.9¢ Sentiment: Sell Disclosure: Held
13 Upvote

5 Great analysis

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