My take....let's not make things more complicated than they have to be.
Guy at 9c has been sitting there for a long time, just like I sat with orders at 11c, 10.5c and 10c for quite sometime prior to Qtly and AGM, anticipating, if no news, there will be nervous/peeved/fed-up/disgruntled/whatever holders....It worked.
So what's the next catalyst? Some say deal/s before xmas, maybe before new year. Some think January for a POC1 collab ann, others say it will be Feb.
For sure the Q4 2014 will be delivered by late Jan, and if that's the next thing we hear with still no deal, that guy at 9c looks pretty good to me....may even be the same guy at 8.7c!
ADO Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
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