There has been no statement from BPT regarding their perceived $$value of the shared tenament with ADE. (They own 90% of what exactly). In fact information flowing out of the ADE/BPT joint venture has been limited and vague to say the least. I am sure someone, somewhere is in ownership of a large file marked CONFIDENTIAL.
It will be up to the lawyers to work out if everything is above board.
I would be disappointed if BPT were not around in ten years, they are aggressive, and invest their money in projects that return maximum profits. (The rich get richer)
We will have to wait for the independent valuation
ADE Price at posting:
20.0¢ Sentiment: None Disclosure: Held
