ADE 0.00% 19.5¢ adelaide energy limited

exciting, page-9

  1. cha
    5,333 Posts.
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    rexsh
    "Hmmm. A couple of observations. Given we are ~1 month from something massively significant for this company it isn't trading that well, and that goes for BPT either which couldn't bounce at all today even with the flood of talk about shale gas plays around the world. Maybe people are focussing on the conjecture surrounding the economics (or potential non-economics) of these shale projects for the moment.... (remember though the acreage values will be the more important thing for ADE I suspect as suggested previously by thrumyeyes).....Anyway anything can happen in a month of trading !.."

    nice observation. normally see accumulation at some point by insiders. some clue to good news.

    ade fell steadily to 6c before spp at 6c. insiders getting out? then steady rise.

    where are buyers now. bpt nice spike to over $1. ade to 16c.
    market bad but other plays saw green this week. happy to be wrong on this. other shale gas plays saw green today. tomorrow may be a better day for ade and bpt. watching carefully.

    early days but wise to be cautious here

 
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Currently unlisted public company.

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