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13/02/08
09:50
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Hi PeterYeats
I'm pretty sure this co won't go broke
Some brokers are valuing it @ $1.16 now so maybe that might be its bottom
I reckon ADE should not bother drilling more wells @ the moment, just harvest & sell the oil they can produce. They say they are making a profit
If the $40 debt is in dispute so be it but have a placement of 40m shares @ say $1 to appease the market regardless
Pretty disappointing that the co has been relatively quiet considering the massive price decline. Some soothing words would help
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