placement to bpt, page-14

I just read this and totally on your side.

ADE has brighter future now with BPT as a stakeholder than any other energy company on the same level as ADE (eg. ICN, ACN, PGS etc) that doesn't.

Having a BPT nominee director also helps create value for ADE's future and long term. BPT's reputation and experience can also help us achieve the greatest monetisation from our non-core assets that we are trying to sell. Notably our interests in ATP904P, ATP849P, and West Florence tenements in the USA.

In the end they have a stake in our company, I can't see any reason why they want to destroy value than create value. I still think the failure of issuing options to BPT is a setback to us. Those options gave a target for BPT help us achieve a SP of 40c.

http://hotcopper.com.au/post_single.asp?fid=1&tid=1543513&msgid=8827695