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

"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.