G'day FlippinPhil,I agree with your sentiments. First Cape...

G'day FlippinPhil,

I agree with your sentiments. First Cape Management forshadowed that they would exercise their remaining 12m options in a letter to ADO dated 17th February 2011 (released to the ASX on 21/2/2011).

It's refreshing to see companies "follow through", and reassuring to know that First Cape has enough confidence in ADO to be holding in excess of 16% of ADO's FPO's. It certainly gives me a great deal more confidence that a deal or deals for ADO "is just around the corner". Another $667,775 "in the kitty" doesn't hurt either!

Goggo