Thrummys view back in june below i note his last post was 14 july so if he has gone on holidays hopefully back soon.
I think his thoughts still hold on this one.
"Do you know what ADE intends to do with it should they be succesful? Sell? Or go long term with Beach. Probably get taken out hopefully not below $1"
I firmly believe that both will be taken out at some point. The scale of this is mind boggling and the big end of town will not be sitting back and letting ADE/BPT have all the fun.
IMO, expect a farm in followed with a buyout or take over from a major. As I have previously mentioned, they have relationships with several interested parties so you never know when something formal will hit the airways.
I personally would like to see ADE sell 218 and then keep the funds to develop 855 but who knows. One thing for sure, there is no shortage of options on the table for these guys.
ADE Price at posting:
13.5¢ Sentiment: None Disclosure: Not Held
