I'm tipping ADO for the July tipping comp. In a recent interview the CEO announced their new EV battery tech only cost $1/ kWh. An existing competitors product costs $100/kWh. There is opportunity for ADO to be a major player in the battery scene, if or when it signs some deals it will be valued far more than its current $80 million MC.
ADO - AnteoTech Limited
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Tipping ADO for the December tipping comp. Management have intimated there would be deals signed by the end of the year, one of the companies they are in negotiations with has been described as a 'marquee" EV manufacturer. It's been a long wait but ADO might finally be about to make some real money, possibly a LOT of money.
Tipping ADO for the February tipping comp. They have said their manufacturing plant for their revolutionary battery improving compound will be opening early February. Far East Capital's Warwick Grigor has suggested that Mercedes and BMW are in negotiations for their EVs. Once the manufacturing facilities are open then hopefully the contracts will be signed. Potentially a massive your for ADO coming up.
Dona Ferentes
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and don't we all hate autoincorrect. I do.
I hate not proofreading even more! At least it didn't say a massive yawn coming up!
Dona Ferentes
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not much ... $4.6M in cash
down 25 per cent to 2.7c on results
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down 25 per cent to 2.7c on results
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Dona Ferentes
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1. The trading halt is requested pending an announcement by the Company concerning a capital raising.
Dona Ferentes
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⤵
Key Points
• $5.4m Placement to sophisticated and professional investors - providing AnteoTech with $5.0m funding net of all costs from the Placement
• Placement attracted a number of new institutional investors and includes $0.1m from directors which is subject to shareholder approval
• Funds will drive near term commercial milestones – Clean energy development and partnering for Anteo XTM and Ultra-high silicon anode – also supports production scale up
• Share Purchase Plan will be launched for existing investors targeting $1.0m
• Balance sheet strengthened to accelerate activities and provide cash runway with $10.64m pro forma cash at 31 December 2023 after the Placement and SPP
• Price of 2.5 cents for Placement and SPP Shares is 29% discount to close on 03 April 2024 and 34% discount to 15 day VWAP
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What's another 1/4 Billion shares matter? 34% discount to 15 day VWAP. How has this ratchet company kept such a following? How has Muchado won several monthly comps with it? I'm incensed.
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@Muchado could've beeen sitting in the lead of this month's Comp after today. Some news as well ..... https://www.marketindex.com.au/asx/ado/announcements/first-commercial-ultranode-order-2A1555770
Dona Ferentes
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yes he would ... up 25 per cent today
because ...
The ASX has advised the Company that under Listing Rule 3.1 the counterparty referred to as EV1 must be identified.
The Company advises that:
• the counterparty, referred to as “EV1” in the Announcement, is Mercedes-Benz AG of Waiblingen, Germany, part of Mercedes-Benz Group AG
• it has previously taken all efforts to protect the confidentiality of Mercedes Benz as “EV1” due to the stage of commercial relationship and the confidential nature of the work being undertaken.