AXP 0.00% 0.1¢ axp energy limited

Ann: MHP production now exceeding 2,040 BOE per day, page-347

  1. 20,409 Posts.
    lightbulb Created with Sketch. 1991
    No worries .. do your D D but make sure you understand what you are looking for. My fear is you don't posses the knowledge to do a good D ad D .
    Perhaps look at the last few years of announcements , read there claims about being cash flow positive, profitable etc and then look at their 6 monthly financial statements to appreciate its all rubbish

    Look at the quarterlies and look at revenue vs expenses and realise that the operating model just doesn't work

    You don't make 100 m losses with -ve cash by being good operators. these guys are doing nothing different than the guys before them
 
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