Lots saying they like the SNE tie up, have just read their last...

Lots saying they like the SNE tie up, have just read their last quarterly and think they are rubbish.

Their bank balance is all they have going for them which by the way is $9mil.

They own bits of a heap of otway tenements around us - thats it, seriously they are not 1/10th the company ADE is.

Even if their is something producable on their land they will need our production facilities.

Seriously ADE holders need to get a grip if they think they can see any value in a tie up with Somerton - they have nothing worth having except their cash.

Any tie up up with them will need to be at cash value only IMO. Even that would be a dud deal for us as it would not likely reflect the value in ADE.

Would much rather our management went into hybernation now re deal flow, focus on developing our production capabilities, no deals until the market starts to reflect the real value of our assets and its a bloody long way from doing that just at the present.