From my experience I can tell that there is a 99% chance ADX will get the environmental clearance within the next 10-20 days.
1. Also soon we will get rig mobilisation announcement for Anshof 2.
2. We will get funding announcement i.e. farm-in/CR news for Welchau.
3. Mid November we should hear the news of success at Anshof-2 (99% chance)
4. In December rig will mobilise towards Welchau-1 and drilling would start just before or after New Year.
5. Chance of success at Welchau-1 is 50-50 in my opinion.
6. If Welchau-1 drill finds gas then sit back and relax and wait for a takeover offer (Could be several bags)
7. If Welchau-1 is a failure our market cap should still be minimum 50 million AUD or around 13-17 cents per share due to Anshof-2 success.
That’s all just based on my research and interest in ADX. Cheers and all the best friends!
- Forums
- ASX - By Stock
- ADX
- Ann: Activities Update for Giant Welchau Gas Prospect
Ann: Activities Update for Giant Welchau Gas Prospect, page-9
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADX (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.79M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $47.53K | 475.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 207501 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 79781 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 207501 | 0.098 |
1 | 100000 | 0.097 |
2 | 105000 | 0.094 |
2 | 146739 | 0.092 |
2 | 540000 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 79781 | 1 |
0.105 | 419196 | 10 |
0.110 | 415327 | 7 |
0.115 | 50000 | 1 |
0.120 | 130858 | 4 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |