ADX 1.01% 9.8¢ adx energy ltd

rights issue massively undersubcribed, page-24

  1. 5,932 Posts.
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    Pocko. The company has avoided producing a COS. This is in stark contrast to COE who are drilling 'in the area' at present and provide very detailed information on all their drills. Peter Strachan assessed Lambourka at 17% COS. My own monte carlo's suggest 10% , I have a higher weighting on CO2 charge/risk being the main difference I suspect.

    Slura. We await clarification from the Co on the shortfall and underwrite. With respect , your 'sayso' cannot be considered fact here.

    Skater. No Whooska' today despite an indepth and upbeat preso? However I agree the potential is there on commerciality.

    DYOR
 
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