Hi thrumy, sorry didn't mean to suggest you were the only one.... I too firmly believe that if this thing flows then we will get taken out - well the acreage will anyway. I was just trying to determine to what degree management think the likelihood of this happening in that timeframe was thats all. Your reply was great and does show that they have many options. It would be interesting to know what they consider to be the current acreage value as at today if they were to do a transaction (ie) with it seemingly 90% proven up except for the flow test would it be worth $1k per acre for an immediate sale ? Or would it be way less until it flows ?
It doesn't matter - just something of interest that's all. IMO it is probably worth well north of the current mc ! Shows how dumb this current share price is.
Hopefully some reality soon !
ADE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held