This is starting to back-fire big time on BPT, they ambushed the inexperienced investors yesterday who sold for a quick grab, most will probably lose 40% on CGT anyways and won't realize till they go see the tax man and have a coronary. ADE is fighting back and it's now evident that those that stood tough will reap some rewards in as much as BPT will have to pay more than 20 cents to win them over. Next key driver is the independent report which will force BPT to ramp up the bid if they want full ownership otherwise they are stuck half pregnant.
Stay tough ADE holders - see you on the other side of the barriers.
Ca$hie
ADE Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
