Obviously Beach know that the cooper basin is going to massive, their doing the drilling and seeing the results first hand. And they don't want anyone else moving in on them hense the blocking of an ADE takeover. I believe they see those 40c options as a bargin, just hopping the management of ADE also realize what they have and don't end up giving it to Beach at a knock down price. Woud it have been better to have gone say to the Chinese, had them take a stake(assuming the'll be one of our biggest customers) and open the door for a take over of ADE and eventually Beach which I think is a likely outcome any way. Just my own personal thoughts.
ADE Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
