Addax Petroleum (fka AXC)

[Julius Erving]

Troy,

I tell you I need $79 on shares I bought a decade ago to break even and you reply with "OK so you will have a long term CG"???

Do you really envision the share price exceeding $79???

I would be elated!

That is pre 100 x R/S: $7.90,-

Do we envision the share price exceeding $79,- ?

On finding oil yes.

That is pre 6x dilution: $1.32 on finding oil.

Do we envision the share price exceeding $1.32 ?

Yes. And we are now at 8 cents. 132 / 8 = factor 16.5

And this is a starting point on finding oil. We were at almost a dollar on JDZ hopes. JDZ hopes included by 6x dilution = $0.16 x 100 times R/S = $16,- current price. Correct?

For every $5000,- invested now at .08, this equals to $82.500,- when we just use the 16.5 factor.

Do we really envision the share price exceeding this?

Yes. Of course. Is there more upward potential than this...?

Mhwaa, why do you think the three Musketeers bought what they bought last year?

Remember: the C/N / Oil glut hit resulted in an almost 400X drop.

From $0.15 to $0.0004 (= a factor 375)

We must not forget that, that we are at levels that are irrealistic, and therefor the upward 'potential' is nothing more that getting back to old levels.

The Doctor.