Hi NurseryAgreed it is easy to rate with the benefit of...

Hi Nursery

Agreed it is easy to rate with the benefit of hindsight and totally understand this is a spec stock and high risk.

I think they spread themselves to thin to early - ie Sugarloaf , New taiton, Indonesia, Yeman 7 Yeman 74 , AC/P32 Wiseteria.

I haven't calculated how much money has been lost on these , but maybe a strategy could have been to focus on say Sugar and Yeman and maybe they could have upped the ante on each upfront , again easy to say with hindsight.

It would be great if ADI had sugarloaf and one other high potential play right now - but basically ADI's future is now down to Sugarloaf.

I am hopeful that lots have lessons have been learnt from other work in the area + hope Hilcorp are skilled in the game (+ i like the fact they have the opportunity to create some serious value for themselves (and ADI) if they nail it

looking forward (hoping) for some brilliant results + also need to be realistic on expectations (ie we have been in this position 12 - 18 months ago)

best of luck all holders