ADI 2.35% $3.05 apn industria reit

cr - get over it, page-12

  1. 1,505 Posts.
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    sushi1: I think it might be mostly about Yemen. The last seismic showed new promising targets and they are waiting for more analsysis. They have been ,and might still be trying to sell the lease at a good price. My guess is that the board is looking at Yemen again and are yet undecided as to whether to keep it.If further results improve the prospect further they hinted in the report they might retain it. If I'm right they would need more funds in a hurry and prudently made sure they were in a position to go ahead. If not then as another poster suggested Hilcorp might be about to announce an increased rate of drilling and if so ADI, as we all know, can't report until Hilcorp does.i.e. the need for funds could be too soon for an issue ,but also uncertain if it's Yemen. We pay big money to management, why assume they are fools! Remember this share was 4 cents for a brief period. I for one am now in profit and are pleased with what management have achieved.Good luck, irrespective of why you continue to hold.
 
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