When a company with all the resources of RIO got the Chinalco...

When a company with all the resources of RIO got the Chinalco offer so wrong, one has to wonder why little ADI needs to spend so much to be told what they already know.

If the BOD cant work out for them selves, who know there company far better then anyone else and justify a price far greater then 40c , within a few days its a huge worry.

The realistic assumption is AWE have come in with a very opportunistic low ball offer. They can offer thier holders a bargain price thats been de-risked by wells so far achieved.

ADI are wasting time and money they dont have, or shouldnt be spending attaining this useless piece of paper that tells them and us what we already know. They hold very valuable acerage, have a good partner and are worth far more then 40c.

ADI should simply have taken a few days to internally decide on either a strategy toward attaining a price or rejection and fending them and other suiters off.

Rio payed a fortune with all thier resources and got it terribly wrong. Why would a cash starved minow do the same?

Get on with it aDI holders, start calling your company, emailing them and letting them know your thoughts.So they can come out with a statement that fits in with sentiment, rather then challenges it.