market is pricing Welchau like a junk bond that only will pay out less than 1 cent in the dollar ie a 1% chance of a payout , put another way the market thinks Welchau has a 1% chance of success otherwise we would be over $9.00 right now if probability of success was 100% according to the market based on the above estimated insitu value for Welchau
Personally I think Welchau has a probability of about a 1 to 10 % chance of success so a worthwhile wild cat investment for me
The rest of ADX's producing wells gives some intrinsic value to ADX , but the company needs to get of its arse and start making those wells profitable as their lifting and admin costs seem very high per BBL .
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $56.79M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 10.0¢ | $3.95K | 39.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 536948 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.100 |
3 | 107501 | 0.098 |
1 | 100000 | 0.097 |
1 | 100000 | 0.095 |
2 | 105000 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 520888 | 11 |
0.110 | 414041 | 6 |
0.115 | 50000 | 1 |
0.120 | 130858 | 4 |
0.125 | 116000 | 2 |
Last trade - 12.13pm 16/07/2024 (20 minute delay) ? |
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