ADE 0.00% 19.5¢ adelaide energy limited

read well - latest announcement, page-41

  1. 1,237 Posts.
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    Check out the finances of BPT with this takeover

    100 million in the bank (currently)

    76 million to T/O ADE plus brokerage and fee to Macquarrie and lawyers?

    24 left million in Bank minus brokerage & fees?

    Access to 145 million option facility Commonwealth Bank (at what % rate what happens if europe crashes and bank costs go up?)

    $200 million required for future Programs of work.

    Leaves shortfall of 21 million dollars. So maybe a capital raising by BPT on Shareholders or a farm in agreement only if ADE T/O complete.

    I hold like you guys until told otherwise by ADE, I feel the game changing.
 
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