ADE 0.00% 19.5¢ adelaide energy limited

obviously good news, page-18

  1. 646 Posts.
    "Hi thrumy, sorry didn't mean to suggest you were the only one"

    All good Resxh. Definitely didn't take it that way at this end. I think my style of writing can come across the wrong way at times as I get a little factual.

    My insights/predictions have been pretty accurate to date :) and I am confident that a sale is on the cards regardless of the SP and market conditions.

    "with it seemingly 90% proven up except for the flow test would it be worth $1k per acre for an immediate sale"

    Given what I have previously written regarding discussions on general de-risk to value ratios, with gas concentrations at this level, zero water, well fracked shale and vertical flow rates coming up, IMO, as of today, $1k/acre is easily achievable.

    " IMO it is probably worth well north of the current mc ! Shows how dumb this current share price is. "

    Sure is! If you read my reply to Richrichie, you can see why at current levels ADE is also an attractive takeover target. $40m market cap with a conservative (as of today's date) >$120m convertible asset (excluding all other projects).

    You don't need to be a rocket scientist to work it out, that's for sure! BTW, Management would not object to a takeover *if* it was at the right price.
 
watchlist Created with Sketch. Add ADE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.