ADX 1.01% 9.8¢ adx energy ltd

hopefully a good couple of weeks coming up, page-4

  1. 112 Posts.
    Guys, quarterly states only 100k left in the kitty by the end of the next quarter? Am I right? Please have a read for yourself and please correct me if I'm wrong.

    Tunisia has put back things by six months and now cash is low again. Even with a hit, they will need money from somewhere to take it any further. I don't meant to be negative, just realistic.

    Also, Pattos still have millions of shares left to sell after the last raising was done at .083. And, they know the cash position of the company. So i believe they will want out asap.

    The best scenario here would be a BIG hit, followed by a cap raise. Or gulfsands decide to buy it out.

    No hit and this will drop to the ground.
 
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