Ok folks, we have a little time until the reply from ADI.
We all know that they are going to say the offer undervalues the ADI share price (Too bad they couldn't see that when they flogged 15% of the company at 26 cents), that prospects are good, and that shareholders should not accept the offer - the usual bla, blah, blah that happens in most T/O offers.
What I am interested in seeing is the number that they put on the company as 'fair value'. We've also seen the 'value' placed on ADI by some brokers as well.
So stand up and show how smart you are by telling us all how much that ADI will value the company at.........
We also all know the FUTURE potential of ADI IF they continue to drill and hit wells, but that is hypothetical so let's see some realistic numbers and also if you think the Rancho well result will be released prior to that reply and if this will impact on the price of the other two companies.
I'll guess that they put a nice number on it and state $1.00 a share.
Rancho results will magically appear before the release of the reply as well.
And the othe companies will see an equal or greater % increase than ADI.
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