ade merger, page-2

dunno about the fast buck thing.

adelaide cannot afford to spend cash,so any offer will be scrip based.

if beach takes up the offer,and minority holders do not,you are locked in to an illiquid non traders stock.

ade do not have to offer a big premium, indeed because of the interlocking beach interests,a big premium would be objected to.all ade has to do is wait,time is on their side,sne need the production and storage facilities more than ade need extra exploration acreage.