Hi tcI'm also wondering what it really means. I'm not a lawyer...

Hi tc

I'm also wondering what it really means. I'm not a lawyer but I read the GN20 guidance note today (just 6 pages) and it seems that since Athos now hold some sort of rights to 8.5% of ADX's share capital, then the Takeovers Panel requires Athos to disclose this so we mere plebs are not in the dark. It is similar to the requirement for a substantial shareholder to advise when it reaches a 5% holding in a company.

I presume that Athos have taken this position because they believe that ADX is undervalued, but I have no idea why, and of course we have no idea what their future intentions may be.

I hope ADX can explain who Athos are and whether their interest in us is good for the company.

And when will we start drilling again???

Cheers
ft