the cone re: "This has been severely punished"
Yes agree I think the punters have read the ADX announcement results incorrectly (again) just as they did
with the latest Anshof results, and the share price went down(AGAIN), so I brought more
ADX (again).
The only downside for me was I had to sell some of MAY to do it,
(the MAY share price has also not reacted much to what I thought was an excellent MAY announcement),
but I rotated out of MAY to ADX (again) based on relative market cap to share price for both coys
as well as considerations of % share of project and country risk.
I like both coys and hold a substantial position in MAY
but think ADX is the more undervalued (both now and for potential upside)
JMHO....
Ann: Welchau-1 Discovery Well Cased for Future Testing, page-83
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Last
9.3¢ |
Change
-0.001(1.06%) |
Mkt cap ! $48.47M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.5¢ | 9.2¢ | $39.08K | 417.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 170893 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.3¢ | 250960 | 1 |
View Market Depth
| Last trade - 11.43am 16/05/2024 (20 minute delay) ? |
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Last
9.2¢ |
Change
-0.001 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 9.3¢ | 9.3¢ | 9.2¢ | 107314 | ||
| Last updated 11.28am 16/05/2024 ? | |||||
| ADX (ASX) Chart |