ADX 1.01% 9.8¢ adx energy ltd

ADX - Romania - Parta asset status

  1. 156 Posts.
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    What the Company says - Q3 2022 operations report - looking for additional 3rd party funds:
    https://hotcopper.com.au/data/attachments/5005/5005611-e1abc913b12dbfac31b7d292628c64fe.jpg

    What their long term partner that put GBP5mn into the Romanian venture is doing - trying to sell their interest, it appears (and no longer account for Romania as a stand-alone business/geographic unit (November investor presentation):
    https://hotcopper.com.au/data/attachments/5005/5005620-9524a3a4f3b3de085ee5e7b59695a71e.jpg

    Will be tough to get new farmin funds when partner trying to farmoutz their interest ... but who cares, their company funded broker reports gives zero value to Romania assets and Austria is the real flavour of the moment.
 
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