placement to bpt, page-13

I agree with rexsh,

Its not like ADE's management are dumb, not like a proposal for a ADE-SNE merger that disadvantages ADE holders would be pushed agressively without our approval.

If even those merger discussions even happen is another thing.

I think what BPT has secured a good alliance or a mini-NATO or mini-ANZUS alliance, where they will look after ADE in the interests of both companies.

Effectively if any company interested in acquiring a stake in PEL218 will need to go through BPT. That will be for a good premium which applies for BPT & ADE. eg. say if BHP wanted to takeover BPT, then flow-on effect will go to ADE as well.

Also this alliance gives us certainty that BPT can help fund our obligations for PEL218 and ATP855, if we cannot.

I don't see any evil deeds by BPT on ADE opposed with the evil intentions by ICN on BPT over ATP855.