Replies to post #8583 on Addax Petroleum (fka AXC)

[manuel06]

Few can predict this market's upside these days except that most normal reactions in recent years gone by will be suppressed in today's Global economy. Too many (downer) extraneous circumstances are pressuring markets downward globally. Go ahead take a stab at a prediction... IMO... better to wait and see but be ready for change in sentiment IF/WHEN that happens.
Cheers!

[tryoty]

That's the $64,000 question. Normally it would be priced in immediately, but Ntephe and Odobulu have shown that they will massacre shareholders without concern.

Have they destroyed trust to the point that a discovery won't even be priced into the stock? Before anyone jumps down my throat ask yourself, did you anticipate that they destroyed confidence to the point that there would be absolutely ZERO runup even while drilling?

I'm afraid this is dead money until one of two things occurs; Ntephe and Odubulu get replaced, or the company is sold.