Ann: Austria Acreage Variation adds New Growth Opportunities, page-6

What a disaster this has turned out to be. A fall in the share price of over 90% in just over a year or so. To be blunt as far as punters are concerned ADX has morphed into a total POS!
This company needs to raise cash to permit any meaningful drilling campaign in 2025. They have already wasted two and a half months of 2025 doing nothing to address this problem.
They had $9M at the end of last year although probably more like $8M right now since they bleed cash every month. A capital raise of $6M and also using some of the existing cash plus doing farmouts could get them to a position where they could drill 2 to 3 shallow and cheaper gas wells.
Just one successful well could lift this above 5c. Three successful wells and who knows!
Sure, it's painful at 2.2c to raise cash but what is the alternative?
They sit on their hands for the rest of 2025 and do sweet FA (like they have been doing for the past two and a half months) and burn through that $8M and end up by Christmas having just $2 to $3M left putting the share price somewhere under half a cent.