Seems to me I have attracted some nit-picking pedants . Agent I said less than 200 million knowing full well they have 147 million on issue as I suspect do most of the alert posters here. Can I respecfully suggest that companies can and do change direction. I made it very clear that I feel ADI has secured their future via the sugarkane. However , even they are probably pleasantly surprised by the flow rates. I didn't suggest they should act NOW. The possible exception is Yemen as once sold it is lost.The assett sale was very much a fire sale caused by global financial issues and I simply suggested that in the light of their success with the sugarkane they might invest elsewhere in the future or would you all prefer they remain permanently a one field company.My original investment made some years ago was on the basis of all their leases. It has emerged during these years that the sugarkane could be the initial company maker. If they rest on their laurels there and make no new plans for expansion over the next 2-3 years I will move on!!
ADI Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held