re: Ann: AuDAX Finalising Farmouts for Sicily... Pmunt
Thx for the wrap
ADX have done quite well getting the sp from 8c to 13, so listening to me hasn't paid off lately, but might have helped when it dropped from 16 to 8c.
We follow these spec plays over the years and gradually formulate strategies. In ADX's case, and due to their previous false starts, I want to see the money.
All too often taking an early position in a spec gets punished with a heavily discounted CR. It's a bit of numbers game, follow 10 plays a year and hopefully get 6 or more right.
Will keep watching and waiting for an entry post funding if a decent entry eventuates.
Ann: AuDAX Finalising Farmouts for Sicily Channel, page-10
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