ADX giving itself more room to move.......Positive , if slow...

ADX giving itself more room to move.......

Positive , if slow progress...

Looks like an AIM listing around march 2019 to give option of raising the aust $4 for a possible ADX contribution to the second well.

Good news on the first well results (or Nilde License Ratification or Dougga Project farmout ) should mean any money raised will be at a share price well above the current level (i.e if Reabold  farms in for the full 45% on the terms stated then that would value the ADX 55% at around aust $9.7 million, or close to the current market cap for ADX)

AND   not to mention ............. a 21million euro Nilde 50% farmout (appx Aust $33million) or three times current market cap still to be confirmed)

Maybe the British will appreciate the potential for an upward rerate in the ADX share price.