Thanks, but I would say ADX is more derisked than IVZ (holder)...

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MorbidFury

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11/04/24

17:20

Post #: 73300939
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Originally posted by p1234: ↑

I like the comments in the video, they gave us 20% chance of finding gas at Welchau before drilling.
now they are trying to tell people, we are not looking for gas at Welchau anymore, because we have found the gas 100%.
and yet people are still short sighted here.
the only thing we're missing here, is this find economically viable.
and if it is.
here is two stocks as a example
MAY and IVZ
have a look at what the stock price did after they found gas.
yes that's right, they stock price almost went up 10 times what it was worth
and what makes it really interesting is that both stocks basically have no income
unlike us, who is making almost 15 million dollars in revenue a year. And now with our permanent facility up and going
hopefully we have a lot more revenue coming
and a lot more to come especially with farm in investment.

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Thanks, but I would say ADX is more derisked than IVZ (holder) given the jurisdiction and as you mention ADX is generating revenue from oil. See the state of those 2 stocks now, especially IVZ is at its absolute low in spite of 2 discoveries albeit still need to test if the gas is commercial.

We will soon know the size of this prospect and if the gas is commercial in October, this could def overshoot the $1 price prediction is my view.

ADX Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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