ADX adx energy ltd

8.00%

2.7¢

Ann: Austria Acreage Variation adds New Growth Opportunities, page-7

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Suni

3,868 Posts.

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12/03/25

22:05

Post #: 78241293
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Originally posted by marksman: ↑

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.

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It is actually amazing how bad these guys are. Yes ok the last fail was a major let down. All you could expect it they get the drills to the so called ready targets and move on with life and drilling.

Try and build the supply up bit by bit .. but we get months of nothing....

ADX Price at posting: 2.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.7¢		Change 0.002(8.00%)		Mkt cap ! $15.67M

Open	High	Low	Value	Volume
2.6¢	2.7¢	2.6¢	$7.732K	297.1K

Buyers (Bids)

No.	Vol.	Price($)
2	312627	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	266334	2

View Market Depth

No.	Vol.	Price($)
2	312627	0.026
1	76016	0.025
1	600000	0.024
1	152000	0.023
3	168450	0.022

Price($)	Vol.	No.
0.027	266334	2
0.028	29498	1
0.029	56075	2
0.030	234251	4
0.031	227000	1

Last trade - 15.03pm 25/07/2025 (20 minute delay)

ADX (ASX) Chart

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