ADX 5.38% 9.8¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-67

  1. 1,157 Posts.
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    rivermore re "Yeah, it appears to be way too cheap"

    Notwithstanding ADX being a paying client of AUCTUS
    I have always liked the AUCTUS estimate of:-

    "Our unrisked NAV for ADX’s 75%interest in Welchau is ~A$1.50 per share"


    Something to consider rather than watch the minute by minute (half a cent)chances in the ADX share price
 
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