ADE 0.00% 19.5¢ adelaide energy limited

Have watched and not posted for ages as I was beginning to lose...

  1. 3,028 Posts.
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    Have watched and not posted for ages as I was beginning to lose interest in the direction of the company with current the European market sham, claims of shale fracking causing earthquakes in England and the market as a whole being somewhat chaotic or running amok. However, 20c offer today woke me up.

    Just listening to BPT on boardroom radio, BPT seem convinced it will happen. I am not sure if there will be a higher offer. BPT make compelling argument to sell, and at a premium 51.5% monthly average and 42.9% higher than last week as they mention, to current prices. Don't agree with it, but cannot really see how ADE can counter. They don't have the funds, they don't have market exposure because of lack of good PR over last 12 months and they don't have cornerstone backer anymore.

    With Walker gone and no other large shareholder there to back ADE, I feel BPT is a done deal.

    No need to rush and take the money today, but unless Carl can convince BPT to up the offer a few cents, cannot see it for much different in a week or so.

    Be nice is Carl rushed over to another large gas company and offered us for 25 cents just to get up BPTs nose. Sadly...can't see it though.

    I will wait a few days and see before selling...(just in case)

    amok
 
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Currently unlisted public company.

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