ADE 0.00% 19.5¢ adelaide energy limited

price action

  1. 4,041 Posts.
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    This is trading like i thought it would really. The speculation around the shale play was high, we have a very brittle global risk taking environment and thus any very short term upside was going to be met with profit takers etc IMO. BUT....... I am not one for a short term profit. For those that are patient the much larger rewards will follow. We just have to keep ticking the boxes on this play, add a couple of announcements in on our other projects and before long we will have multiples on this current price. The mkt can ignore for a while but not forever. To me this is not unexpected at all. Very typical of a highly speculated play. Accumulation the name of the game IMO.
 
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