Maddoc: I believe that short-term the whole re-rating of ADX will solely depend on SD resp. the successful testing of SD. However, I see very good longer-term potential for ADX - personally I like the other prospect in Tunisia as well as the great opportunity in Romania. IF or hopefully WHEN ADX's sp is much higher after a successful SD test, then they can raise the necessary funds to go "hunting" for those other substantial opportunities. SHELL link-up to me would be an "out of left-field" kind of event...
So to answer your query more directly: IF you believe that VIL gives you a better return on SD than you ought to stick to that. IF - for whatever reasons - SD should not come up trumps, ADX has still good opportunities ahead, i.e. it will be a less "all or nothing" play.
I am holding ADX for the longer-term outlook.
All JIMHO. And I have been wrong before.
wasa
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Mkt cap ! $56.79M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15443 | 10.0¢ |
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Price($) | Vol. | No. |
---|---|---|
10.5¢ | 845198 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15443 | 0.100 |
2 | 105000 | 0.098 |
3 | 130704 | 0.097 |
3 | 196313 | 0.096 |
3 | 156000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 845198 | 11 |
0.110 | 587541 | 8 |
0.115 | 150000 | 2 |
0.120 | 113358 | 2 |
0.125 | 116000 | 2 |
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