Some interesting viewpoints. I share QSS's reticence to accept that the smell of a contract should mean the SP goes crazy; I think what will make things really take off is some actual contractual and known dollars. We know the technology is disruptive in a huge (and perhaps not even fathomed) market, but it will be a while before people get really excited about it (outside this forum, that is). Case in point, look at the little minnow from NZ Xero (ASX:XRO). $15m turnover last quarter, but a NZD$4.15B market cap ($NZD36/share at close today). People understand small business accounting software and realise it's mostly rubbish, so Xero is obviously (even to the layman) vastly superior (they just did a capital raising and got $180M for international expansion - phenomenal). It will take longer for people to realise the potential of M&G and it's various uses. Indeed many will never understand it, so it will take actual contracts and actual revenue in markets unexpected (and expected) to make people take notice.
Until that starts to happen, I think it's great we have broken the elusive 10c mark and I also expect we may have some retracement. Those who have just bought in probably won't like to hear that, but in a few months time when real deals are on the table you will have forgotten you paid a bit much at the time. In a year or two you'll probably laugh about it! We still need to find key support levels etc as we have not experienced a significant retracement; they are inevitable..
Personally I am very glad to have bought some ADO (amongst other holdings) and I also want to thank the perennial posters on here who have applied so much passion to their research. It is great to be a part of a community of intelligent and analytical investors....
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2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.22M |
Open | High | Low | Value | Volume |
2.7¢ | 2.9¢ | 2.7¢ | $17.68K | 634.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 541015 | 2.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 4693635 | 4 |
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No. | Vol. | Price($) |
---|---|---|
7 | 541015 | 0.027 |
8 | 1003551 | 0.026 |
13 | 1982099 | 0.025 |
7 | 2179250 | 0.024 |
4 | 1110217 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 4693635 | 4 |
0.030 | 359200 | 3 |
0.031 | 75000 | 1 |
0.032 | 191382 | 2 |
0.034 | 428717 | 4 |
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