In aldephis defence of ots takeover they have let a nice snippet of info slip.
"
Strong cash position of approximately $9 million following the over-subscribedcapital raising completed in May 2010. This has resulted in Adelphi being fully funded for the coming 6-9 months of activity, including 6-8 wells -----"
Thats new information 6-8 sugar loaf wells in the next 6-9 months. It also mentions something about a 250 well program commencing in 2010 /2011, which is very exciting. Explains a lot of why ADI did the cap raise and EKA as well.
Looks like thier going defensive and will require a higher offer to entice directors to jump ship.
coming 6-8 wells on sugarloaf in 6-9 months
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Last
$1.23 |
Change
0.010(0.82%) |
Mkt cap ! $688.2M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.22 | $1.598M | 1.287M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13156 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 10070 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FFM (ASX) Chart |