ADE
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0.00% 19.5¢ adelaide energy limited

might be BPT buying more before it gets to 19.9% threshold.BPT...

  1. jake0002
    6,942 Posts.
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    12/09/11
    12:59
    Post #: 8947221
    might be BPT buying more before it gets to 19.9% threshold.

    BPT must not yet be even a SUb s/h, even with 14.5m shares subscription.

    it won't get to 19.9% level until s/h meeting, so does not have any title to those shares yet.

    so maybe Beach is buying in at 14.5c, because its a heck of a lot cheaper.

    ADE Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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