RE: ADL15 Mar 2019 21:13
It's the easy target to blame the management , for these type of stocks, but the reality is that the odds of these type drills actually finding a viable commercial product is around 1 in 12.
The role of the BOD, is to raise funds for projects, that they believe has the best chance of finding such a viable commercial product . So far they have been unsuccessful, but that does not mean, that they will continue to be so.
At this time, there is only further projects in the pipeline. I see this as the accumulation stage for shareholders.
Unfortunately with the Colter project, a lot of decent shareholders had lost out significantly . I believe mainly to the unlevel playing field, that some people capitolised on. I refer to the one day candlestick chart difference between ADL & BOIL, the day before the results were announced. On a level field of play these charts would have been similar as they were both waiting for the same news.
I do believe, that there is a very strong chance of those shareholders, who lost out, has the opportunity to recoup some part /all of their losses, with this share. Before news of further projects followed by the ramping of the intrinsic value as they always are, by the likes of potential oil discovery / price of a barrel of oil.
I have already made a substantial investment in this share and will continue to do so.