BUT ... "The Independent Experts preferred fair market value of each Adelphi Share is $0.61. The AEL Offer represents a discount of $0.21 (or 34.43%) to this preferred fair market value. "
... is rather pise weak if you ask me.
How is this fair value when hartleys valued it at $.73 cents - 'risked' - a few week back, and i'm sure this was before the results of the last two wells. which would mean to me >$1.00 now since two more very successful wells have de-risked the project by a long way.... + another well to come any day!
0.61 c is a long way short of fair value in my mind... but it may well be enough to temp many if AEL/AWE were to offer that...
hold tight folks... "hold on tight to your dreams"!!!
mE.....:D
ADI Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held