so, cheap, page-45

Good announcement, I like this part,

"Commenting on the recent events, Mr Carl Dorsch said “The Board is committed to getting the best outcome for all shareholders. ADE’s balance sheet is strong and it has always been able to meet all the funding requirements of the Nappamerri Trough exploration program. Beach’s offer (making conservative assumptions about the value of the rest of our portfolio), puts a value on our Nappamerri Trough assets of only around $600/acre, which we consider to be low in the light of the massive gas potential of this acreage.”