mir, the current situation is disappointing for ADI/JVP holders. But it was to be expected as they did warn holders.
So now ADI is down almost 25% from its high of 38 cents over a month ago.
As you raise AZZ well I suggest you do a simple chart comparison with them and ADI over the last 30 days and look from the date of the Arrow Energy offer (8th March). You will see where the money is flowing.
There is a gap of over 30% and it is widening. Pretty striking if you ask me. Do you think this is just a coincidence?
I think some more pressure from holders for the JVP to get their act together would yield better results in future for you as a shareholder.
It is a crucial time. The type of money that is moving across from AOE is for the long term and not the short term, and JVP holders seem to be missing some of this.
Don't lose sight of the fact that sometimes it is good for you as shareholder to be critical of your company and push for change if it yields you better results.
ADI Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held