So Auctus, which ADX pays for research on the company (so not independent research), is our with a new report on the back of higher oil and gas prices.
They say core assets worth 0.11 cents a share on a risked basis (only 0.01 cents lower than unrisked), which includes 0.03 cents of low risk infield and appraisal prospects in their core Z&G licence area.
As all know, there is no such thing as low risk drilling at ADX!!
They also estimate that all the rest - Austria exploration, Flysch, Hydrogen, Geothermal ... is worth 4.5 cents per share. Or for the optimists, the unrisked value is 29.6 cents per share ... your management has supposedly created A$793 million of unranked value for you!!
Keep them at their job!!
.... and there is a bridge for sale between Manhattan and Brooklyn!!
I suppose that the Auctus research contract will be renewed.
So Auctus, which ADX pays for research on the company (so not...
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $65.40M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $153.6K | 1.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 956821 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 114851 | 2 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ADX (ASX) Chart |