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
0.001(1.01%) |
Mkt cap ! $56.87M |
Open | High | Low | Value | Volume |
10.0¢ | 10.5¢ | 10.0¢ | $27.70K | 268.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 384642 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.100 |
1 | 67468 | 0.099 |
1 | 93000 | 0.097 |
1 | 71151 | 0.096 |
5 | 198578 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 384642 | 7 |
0.110 | 587541 | 8 |
0.115 | 129700 | 3 |
0.120 | 123358 | 3 |
0.125 | 16000 | 1 |
Last trade - 15.54pm 16/08/2024 (20 minute delay) ? |
Featured News
ADX (ASX) Chart |