ADX 0.00% 9.7¢ adx energy ltd

rights issue massively undersubcribed, page-21

  1. 3,784 Posts.
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    GO, show me where they are stating that they are not taking up the shortfall? The only one who has done some research on this is me. I have called the underwriter. I am going on fact, not assumptions.

    As far as a 75% haircut for the shareprice, that is why they have the onshore drilling backing it up before the year is out. The fact that they are turning over the operatorship of that project to Gulfsands says to me that they are confident that they will be too busy with Lambouka still.

    G'day Pocko and Moneytree,

    Spot on regarding the request for additional shares.

    Tell me about it, would love a peak at the 3D myself, seems like there is some extra to interpret :)


    Anyway goodluck to all, even what you invest in GO, because at the end of the day, we are just all trying to make money to get ahead in life.


 
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