I'm not sure the logic of if we hold out and they withdraw at...

I'm not sure the logic of if we hold out and they withdraw at 85%,

then we are going to be taken over in 6 months?

If 15% don't accept this offer now and beach withdraws, then we still own 15% of ade's assets, which, i'm happy with, because i was happy with ADE prior to the takeover. If they indeed re-bid in 6 months, it will have to be at a price attractive to the holdouts, otherwise why would we accept a bad deal later, instead of now?

frankly, still having adelaide public and not wrapped up means the shale tenemant is still under ade's name and not beach. so, if any action happens on beach, it will drag up the price, especially since i expect a couple horizontals to be drilled in 6 months.

I see absolutely zero reason to sell at 20 cents now as long as Beach doesn't get to compulsory aquisition. No harm no foul.