a bleeding lesson, page-7

Hey Steve

No worries, if the AED completes that great and I say I am wrong, no problem with that.

I seem to remember calling AED a concern back last year when the initial oil production and water cut rates were announced. At that time the share where trading at ten buck.

So if you had been holding then you would still be 70% down on your money. A correct call or what!!!

My view on AED is that the Director are shot and have no credibility in the market place, the company in serious financial trouble and would be in receivership except for the life line of the Chinese deal.

So forget about the increase in oil price, forget about AED potential oil fields, just focus on what will happen if Chinese deal falls away. I am not saying it will, but if it did the company no longer exist.

Period.

So I glad you pick up more share and are in the money that great, just do not bet the house as in my consider view the risk reward equation doesn't work.

Anyway it your money, so good luck.

cheers

PC43