ADX - Audax Resources
- Thread starter James23
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- #27
Just dont panic if it drops much further, you havnt made a loss untill you sell.
Give this a few months and i think todays current price will look very cheap.
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- #29
Closed at 13c today with huge volume. This share is defying all technicalities. Remarkable. Could see 15c tomorrow, but im at loss because when there are so many people flooding into this company, technicals are out the window.
Bring on the drilling later in the year. Any success in that will see this $1+. Research the grounds they are drilling and put 2 and 2 together.
Funny to think this was at 1.7c less than 2 months ago, even i was slightly concerned when it was that low. I need to trust my instincts more.. not that im complaining with getting on board at 3.5c
Bring on the drilling later in the year. Any success in that will see this $1+. Research the grounds they are drilling and put 2 and 2 together.
Funny to think this was at 1.7c less than 2 months ago, even i was slightly concerned when it was that low. I need to trust my instincts more.. not that im complaining with getting on board at 3.5c
CarltonSocialClub
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Is it still a buy at 15c? (which it just ht)
I've been watching ADX for a while, but you're really on top of it James23.
I've been watching ADX for a while, but you're really on top of it James23.
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- #31
Good luck James will be a massive profit for you and s1bbald if it does hit the $1 mark. I might get on if it falls in the next few weeks which is a slight possibility.
I would also love to know.
I will get on them ASAP if you think it is still worth it.
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- #33
Long term yes 15c is a buy. Short term i'm not sure, might consolidate a few cents max. On top of that, the overall market is risky business at the moment, it is set for a big fall in the coming months, im not yet sure when that will all start up again, im thinking September / October like last year. So yes, 15c is a buy, it is going much higher than that, but short term im not sure.
Appreciate the response mate.
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- #36
Profit takers. If the market stays steady, it should run into the 20s. Massive IF though. The US is making me nervous.
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- #38
Impossible to say, depends how bad things fall in the US. I just feel the US is on the brink of crashing down to new lows very soon. I dont think i will be temporarily selling though, too much risk at missing the boat as at the end of the day it is going much higher and could even this week go much higher.
Liking the sound of that. Thank you James. While I've got you, is there any chance you could look into URL for me? 78 million is a massive volume (AFAIK), and I just wanted to see if they were a good option.
- Aug 9, 2005
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No more updates after the 40pc sell off??
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- #42
I've said everything that needs to be said, do i need to bottle feed you as well? Any sell off has been healthy consolidation.
A wise move.
Heading into the 20s... if the market stays steadyish
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- #43
Ssshh.. the baby giant is sleeping.
Heard a differing report on this the other day. Something about their management pulling a swift one to get their share price up (total here say most likely). Might stay clear now but am happy to be proven wrong.
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- #45
In what regard?
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- #47
Audax Resources is currently consolidating around the 12.5 to 15c range, after rising approxiamately 900% over the past 10 weeks or so. A well deserved breather that i was hoping for, to clear away the traders and those not in it for the medium-long term.
I feel a break of the current levels will see this head into the 20s. Those that have done their research and know the area that is being drilled, know that this is one of the potentially greatest remaining pieces of untapped dirt left, led by wolfgang zimmer whos resume is full of amazing success stories.
Drilling results should come in early 2010, and although this is rather speculative, i feel there is no better young oil explorer out there today, based on prospects and management, with the potential to become a big player on the world oil market.
I feel a break of the current levels will see this head into the 20s. Those that have done their research and know the area that is being drilled, know that this is one of the potentially greatest remaining pieces of untapped dirt left, led by wolfgang zimmer whos resume is full of amazing success stories.
Drilling results should come in early 2010, and although this is rather speculative, i feel there is no better young oil explorer out there today, based on prospects and management, with the potential to become a big player on the world oil market.
Equus
????????????
Interesting.
Got in for a little taste at 0.155 a few weeks ago but not stressing, going to snap up another bundle in the upcoming weeks - definitely in for the long haul and from all the market announcements that I have read and the little research this should be a winner in the long term. Just wished I got on board a bit before now.
Good pick James
Good pick James
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- #50
All is ahead of schedule at ADX. It is important to note that ADX have predicted an unrisked resource potential of 270 million barrels of oil, which could easily reach in excess of 1 billion barrels., regarding Sambuca.
Chad Willis, who is a leader at World Energy Research had these kind things to say regarding the project.
“The Sambuca prospect has surpassed any reasonable expectation we could have at this point. We are so excited for the next step in the drilling process and believe this is a wonderful opportunity.”
With the leadership of Wolfgang Zimmer, my mind is at ease and all is set for some big share price gains in the not too distance future. And when Zimmer states that there has not been a structure with this type of potential since the mid 1950s, you tend to get a little bit excited.
The Sambuca channel has a potential value in cents/share ratio of 365/1. Meaning $3.65.
This is going much, much higher.
Chad Willis, who is a leader at World Energy Research had these kind things to say regarding the project.
“The Sambuca prospect has surpassed any reasonable expectation we could have at this point. We are so excited for the next step in the drilling process and believe this is a wonderful opportunity.”
With the leadership of Wolfgang Zimmer, my mind is at ease and all is set for some big share price gains in the not too distance future. And when Zimmer states that there has not been a structure with this type of potential since the mid 1950s, you tend to get a little bit excited.
The Sambuca channel has a potential value in cents/share ratio of 365/1. Meaning $3.65.
This is going much, much higher.
