ADE
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0.00% 19.5¢ adelaide energy limited

read well - latest announcement, page-44

  1. bystander01
    832 Posts.
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    16/11/11
    17:02
    Post #: 9296035
    "Leaves shortfall of 21 million dollars. So maybe a capital raising by BPT on Shareholders or a farm in agreement only if ADE T/O complete."

    BPT have revenues of half a billion dollars, and the oil price is high. I don't think they will have too much trouble kicking the can for $21m.
    ADE Price at posting: 20.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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