Sunday Afternoon Analysis & Speculation
Trying to predict where the price will be on the back of a positive announcement is like catching a fly with chop sticks but I’m willing to have a crack at it.
Reviewing how the market reacted to our three prominent battery announcements below, may provide a baseline to work with.
Share Price 17 October 2017 .009c
Announcement 18 October 2017 - Anteo Receives Positive Assessment of Battery IP
Share Price Reached .031 on 19 October 2017
Market reacted to unexpected and substantial news, possibly of a company making nature (up 244%)
Share Price 18 December 2017 .014c
Announcement 19 December 2017 - Anteo Initiates Lithium-Ion Battery Development Project
Share Price Reached .027 on 19 December 2017
Market reacted to further supportive news on the overall progression (up 93%)
Share Price 23 March 2018 .014c
Announcement 26 March 2018 - Anteo Battery Developments (Confidentiality Agreement With Major Battery End User)
Share Price Reached .018 on 26 March 2018
Market showed modest interest in the news as nothing concrete of a revenue nature confirmed and End User not named (up 29%)
Speculation
I have assumed an announcement next week giving us details of how Anteocoat technology will provide industry leading improvement to Lithium-Ion battery performance.
If it is accompanied by indications of a revenue agreement with a major battery producer, the sky is the limit. However, that news may follow in a more detailed announcement some weeks later.
Announcement of success in all expected areas of review, would be company making news and should yield bags more than the 17 October 2017 gains, on the back a buyer driven frenzy. What would it be worth to the market then? Even a market cap of $138 mil. would look dirt cheap given the potential world demand we would be set amongst. To achieve that MC our share price would need to reach 12.0c; something not out of the question by any reasonable estimates.
Perhaps others have a different approach they would like to share.
Share Price Direction, page-169
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.77M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.2¢ | 2.1¢ | $83.79K | 3.987M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2097105 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 209711 | 3 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| ADO (ASX) Chart |
