ADE 0.00% 19.5¢ adelaide energy limited

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  1. 470 Posts.
    reading these posts I think there is too much expectation that the price will go up soon. We've got the gas and it's not going away... but it's now up to BPT to decide when it will be developed. It cost them 16.5c for a fair chunk of ADE and the 40c options. This was just a premium to get rid of any third-parties and put them in charge, and doesn't mean the price should reflect that. Our gas is just one of the many successes BPT have had recently. IMO they will develop it when the capex, gas price and rate/speed of return is most favourable....and major investors won't come in until then. That's when we'll get our multi-bagger. If you now want to find out what's happening with ADE, just follow BPT.
 
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