Rock, I agree, it was a shrude move on AWE's part.
AWE have forced ADI's hand in bringing forward news - great news for all JVP holders.
I still struggle with the idea of an AWE takeover for what is effectively a 2000 net acre interest.
AWE haven't explained to their shareholders why they have launched a takeover bid either. I guess part of the reason is they don't want help push up the price but it does make me wonder, is there unseen intent behind this bid?
ADI Price at posting:
41.5¢ Sentiment: ST Buy Disclosure: Not Held
