ADX 1.11% 8.9¢ adx energy ltd

If giant Welchau comes in even half as good as planned it's...

  1. 2,164 Posts.
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    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.
 
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Last trade - 15.53pm 21/06/2024 (20 minute delay) ?
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