ADX
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1.11% 8.9¢ adx energy ltd

risk reward ratio very attractive

  1. Randy Savage
    5,277 Posts.
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    08/03/11
    22:16
    Post #: 8019449
    The drilling of Sidi Daher has put valuations of 30-40c on ADX. If it is a duster 8c looks likely. We have upside of 20c+ and a downside of 2c. Risk ratio of 10:1 is very attractive (3:1 is considered good in some books).

    Also need to bear in mind POS is approx 30%.

    DYOR
    ADX Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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8.9¢ 		Change
-0.001(1.11%) 		Mkt cap ! $50.54M
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9.0¢ 9.2¢ 8.9¢ $38.01K 425.6K

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