ADX 3.85% 12.5¢ adx energy ltd

trafalgar capital specialized investment fund, page-3

  1. 5,936 Posts.
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    It amazes me how many deals ADX can announce and then never conclude whilst retaining a market cap circa $30m.

    From casual observance here are the 'dead or dying' deals:

    KIK - AMI Tunisia amd Romania -Dead , KIK Pulled Out
    WER - Farmin Sambuca - Dead - mutually agreed??
    PGS - Farmin Sambuca - Missing , presumed dead.
    DNO - Farmin Chorbane - LOI - Farmin not executed
    PGS - 3D Survey - Contract not executed
    NXS - AMI Romania - likely abandonment given new NXS board?
    DrillRIG - LOI for Sambuca , not formally executed
    Trafalgar - Equity facility paid for with $600k stock yet not drawn and potentially in default?

    Can anyone point me to a deal that ADX has delivered on? And remind me why it is I still have this on my watchlist?

    DYOR
 
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