ADE adelaide energy limited

Anyone got a view here on what may be the next move for this...

  1. 5,348 Posts.
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    Anyone got a view here on what may be the next move for this stock ? There are some chunky offers appearing in the system (250k plus) So it seems some sizeable holders are deserting the stock. I am just wondering if this is the beginning of the end or whether this looks cheap here. Given its underlying earnings I find it hard to believe this could trade to zero. Some positive news to get it out of the rut would be nice.
 
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Currently unlisted public company.

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