Guys GO may be a very experienced OIL guy. He definitely has an interest in this stock, everyone knows that. However, I don't believe he is down ramping to trade.
The story goes back to 2007/8/9 when ADX was lining up drilling in Tunisia, with KIK as a partner. ADX ended up changing tack and buying KIK out of the tenements.
I was in ADX back then (2009/10) and saw ADX go to 25c plus from 10.5. GO was down ramping all the way. Predicting failure.
I believe it's this simple. GO was somehow involved with KIK (I'm getting this info from other posters in 2009) and now that he can not "ride this horse" he gets some satisfaction from ADX failing.
Maybe the ADX/KIK deal was a knife in the back, I don't know. But that is the only logical explanation, he has a personal reason. Why else do you think baddog logged on, only to have a go at GO, baddog's (the wolf) one and only post?
Unfortunately, GO knows his stuff and can be realistic, pointing to the downside. And, these plays are always a very high risk play. So on average if you down ramp 100% of the time, you will be right more than you are wrong.
And, now the region is making it harder than first though, all those years ago.
I'm watching and waiting for a hit and then the next cap raise.
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Last
10.0¢ |
Change
0.002(2.04%) |
Mkt cap ! $57.28M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.8¢ | $22.99K | 230.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 59365 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 0.095 |
1 | 70000 | 0.094 |
1 | 7500 | 0.093 |
1 | 5555 | 0.091 |
2 | 113211 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 59365 | 2 |
0.105 | 261704 | 3 |
0.110 | 29099 | 2 |
0.115 | 98878 | 2 |
0.120 | 172165 | 2 |
Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
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ADX (ASX) Chart |