Very Good News! I sent email to investor relations and the ADF Group CFO got back to me immediately with answers.
Northvolt project was never part of their backlog.
The 35 million delayed order has started delivering and client has fully honoured the payment schedule. The delay was not because of financial constraints, but a delay of receiving materials due to site was not ready under client responsibility.
Very Impressed with quick response and reassuring.
I guess that's why ADF has a solid reputation and been in business for 65 years.
I agree with analysts target price of $23 with all the cash in hand and high future revenue. Easy double your money and hopefully to the moon.
Onward and Upwards