ADX 1.01% 9.8¢ adx energy ltd

rights issue massively undersubcribed, page-14

  1. 5,932 Posts.
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    Fish. Dribble? 21m shares in the hands of underwriters will (at best) cap the stock in the 15~17c range imho. Smarties will wak stock out at anything about 15c and hold the free oppie as 'insurance' in the highly unlikely event that a commercial discovery is made.

    You have always been a great one for predictions and self imposed banishment. May we have your wisdom on the SP performance over the next few weeks pre spud?

    DYOR
 
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