given BPT now at 19.95%, I reckon its even more important that ADE s/h don't allow BPT to move further up the register, by agree to a scrip deal with Somerton. That deal would allow BPT to increase its holding even further, and probably up to at least 50% of ADE - ALL WITHOUT A TAKEOVER OFFER FOR ADE - AND WITHOUT A TAKEOVER PREMIUM BEING PAID TO ADE S/H.
BPT are a cunning lot, and as i have said before, one needs to be on their side of the fence.
cheers
ADE Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held