Agree my friend it might drop under 10 cents during the Christmas break but then those buyers wont have the free options and that buying is not going to benefit the company. SPP money goes directly to the company and supports the share price and the mutual benefit is that we get free oppies.
Welchau certainly will be a game changer. If welchau is a duster the SP might drop a bit and ADX still has plenty to look forward to. However, can anyone imagine what the share price will be if ADX strike gas at welchau-1 (807 BCF gas field). & again it’s not a toss. A lot of hard work has been done previously by RAG and now ADX for the past 3 years. The whole upper Austria region is a prime location for oil and gas. I have faith in ADX and their work, hence I hold and contributing to the SPP.
All my humble thoughts. Kindly DYOR too friend
Ann: Prospectus - Share Purchase Plan with Attaching Options, page-4
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Last
9.8¢ |
Change
-0.007(6.67%) |
Mkt cap ! $56.05M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.8¢ | $47.41K | 476.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 220000 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 7199 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| ADX (ASX) Chart |