ADX 3.61% 8.6¢ adx energy ltd

Ann: Welchau-1 Well Discovers Condensate Rich Gas, page-442

  1. 155 Posts.
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    The destruction of value by the management team is incredible - not just recent, but for over two decades!!
    Management are the only ones that have done well.
    I guess that short term traders can also do well, as long as their sell signals are linked to amount of presentations and press releases put out by management.
    It will be interesting to see if with the permanent production facility on line if they will - for th first time - be capable of generating cash flow from operations.
    Until they do that, they are just an rather unsuccessful exploration play.
 
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