ADX 1.04% 9.7¢ adx energy ltd

Ann: Investor Presentation, page-14

  1. 155 Posts.
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    ADX news in Europe - only one story (actually a press release - https://www.ots.at/presseaussendung/OTS_20211006_OTS0092/windkraft-simonsfeld-pilotprojekt-zur-erzeugung-von-gruenem-wasserstoff-aus-windenergie) ever appeared in past 2 years - last October on MoA with Windkraft Simonsen (the focus of the story was Windkraft). Essentially flying below the radar for the most part.
    Probably just relying on friendly relationships of the Austrian managers with fellow graduates of Austria's Mining University (Montanuniversität in Leoben)

    The Covid subsidies available to all companies in Austria that could prove viability for > 1 year. Restaurants and hotels got them, industrial companies, essentially everyone.

    But Steffffi has a point that has been made before on this site ... preservation of nature is foremost. If the geothermal project ever gets off the ground, it will be against a well established and popular lobbying effort by ordinary citizens and supported by the spa industry. Which probably also explains why guaranteed rates for electricity in Austria from geothermal are still one twentieth the rate in Germany.
    Perhaps ADX will be moving on to another country for that effort ...
    As to raising their profile in Austria, it would be a double edged sword. People might focus on decades of failures (the last 13 years under current management), as well as unfulfilled exploration well remediation in Tunisia ... Austrians just love people that don't clean up after themselves ... NOT!!
    Some might wonder if they will shut down Romania operations without full required remediation ... hopefully their partner in that country (Reabold Resources) will have leverage to ensure this does not happen.
    The more cashflow constrained the company is, the less potential damage they will do in their operations and in their shareholders' wallets.
 
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