Interesting point, zagdad. Even if EDEX succeeded on a 1 for 2 basis, ultimately, that is still very very profitable, for both, the company, and shareholders.
Keeping perspective is the difficult thing, at this juncture.
If EDEX was trading at $1.00, with a market cap of $150M, how much would the loss of a $1M dryhole affect the company? Not much.
So then, why should EDEX possibly suffer a major dip, in the event that this first well is dry, when EDEX has only a 5% interest in it? Perspective.
IMO, the upside is far greater than the downside. The odds are in favor of the gambler.
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