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.
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