It seems to me that those short termers who came in on the...

It seems to me that those short termers who came in on the chance of a pop up on the resource announcement have decided to bail. and additionally the Beach investment has somehow convinced some other holders that ADE is now less attractive in the short term.

Each to their own strategy.

Personally I'm very relieved that ADE will now be in a much stronger position funding wise. Could they have engineered a better deal? who knows?

Nevertheless they now have the time to pursue their business plans and grow value for shareholders.

For example if they sold off the gas storage side for a juicy sum, and also had exploration success at pel 105, do you think that the market would not recognise this in the share price? Such success would result ultimately in a big build up of cash balances, and either re-investment in other projects or perhaps dividends.

I think the main concern in some weak holders minds is that somehow Beach will manage to takeover ADE at a knock down price.

Well the share price is around 13c now, and could easily have slipped down to 8c or so if we had tried to tap these desperate markets for more funding.

So lets say that a couple of years down the line after we have been successful in our own operations and that the shale plays have matured successfully, then what price are we looking at?

All if's and buts and maybe's, but ADE still looks like a cracking investment to me. We have all our assets intact plus a nice funding package coming up.

Wot's not to like?