Pls DYOR - post what I know - don't ask for seconds...
ADE is a sitting duck, although the stakes of 10% & 20% may be too small for a decent exposure?
Having said this, BPT is proving to be a diligent Operator of the Nappamerri Trough permits and ADE is good supply insurance for CSG based LNG projects!
Not sure what the actual news flow will be over ST - my concern is for CR and information of recent Qtr report suggesting funding may be an issue. SP weakness before 2TCF announcement by BPT was due to retail investors not wanting to get hit-up for more funds. Can't blame them.
For me, full value for Shale may be some 12 months off. For a multi-bagger (X5), best to wait it out I think.
ADE Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
