"we need a good flow from the first well to put a floor under the price".
True. "IF" this wells flows as they expect, the stock should fly and then consolidate after profit taking but the real rewards will be in 2009 as they drill more wells.
I don't know whether the fund manager I spoke to was having a lend of me(he said he wasn't lol), but he said multiple successful wells in 2009 "could" put a price on ADI of in excess of $6.00. Agentm would know more but I'll be happy with a consolidated price of $1 after this production test.
As for 2009? Time will tell.
"we need a good flow from the first well to put a floor under...
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Last
$2.67 |
Change
-0.030(1.11%) |
Mkt cap ! $847.1M | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.72 | $2.65 | $1.420M | 531.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 9032 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| DXI (ASX) Chart |