Euroskeptic the bear factors all pointed out. yes Welchau prospect is a big attraction to many, but Anshof with successful drilling could provide a very nice base revenue earning capability, and there are other interesting exploration prospects if Welchau doesn’t come in.At this end of the market a lot of investors are knowledgeable enough to weigh up the risk/rewards of junior explorers and yes indeed there are many risks to exploration. But I feel personally that Adx has made a great move into the Austrian licences. but as ever time will tell, and as with any junior explorer, probably best not to overindulge, unless you have a prodigious appetite for the risk side of the equation.
ADX Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
