Yeah: why sell now?
Well, they should have sold when the hype was in the shares and the magic word "shows" was stated.
IF SK turns out to be a dud then one has to figure that ADI will sink and the question is how far? a 50% fall or 20 cents?
IF SK turns out to be a prospect with fair to medium flows, there is no doubt that the hype will move the shares up until reality sinks in and the economics are factored in. How much will the wells cost, what is depletion rate, and what is the payback period?
IMO those are the only two scenarios that need to be taken into account and weighed against each other.
ADI is all about risk whereas ELK is a different beast completely with much more certainty. PSA is different again (a 100% gamble on NG prices), and NXS different again.
ELK represents the biggest certainty and ADI the least.
chart sowing market interest imo, page-8
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Last
$2.93 |
Change
0.010(0.34%) |
Mkt cap ! $929.6M | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.95 | $2.88 | $2.189M | 750.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4397 | $2.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 3460 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| DXI (ASX) Chart |