If giant Welchau comes in even half as good as planned it's worth 80 cents I cannot see on a reasonably positive anshof drill that we will be south of 15-20 cents pre-Welchau. Seems like discoveries come on tap very rapidly in Austria as well.
15-20 cents is a nice speculative launch platform as well. Looks like the buying today has some purpose about it with the bots! I also don't think ADX will need cap raisings after this Anshof and the farm out deals they are getting de-risk them. So you've got upside from multiple drill campaigns and not much downside imo.
Ann: Prospectus - Share Purchase Plan with Attaching Options, page-18
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $59.71M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.9¢ | $81.35K | 799.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83475 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 175000 | 2 |
View Market Depth
| Last trade - 12.55pm 30/08/2024 (20 minute delay) ? |
| ADX (ASX) Chart |