read well - latest announcement, page-9

yep, on-market bids are always unconditional in practical terms.
i posted that way back when the bid was announced - so no news there. I recall also highlighting that once s/h accepted on-market, then thats that- no chance of benefitting from any increase in the offer.

Beach get all the luck imo - the drop in Wall Street overnight almost certainly would have caused more s/h to sell into the Beach offer.

Thats "new info" to come from Beach wrt PEL218 is really interesting issue.

What if that info is really important? what if its really price-sensitive stuff, like news of terrific flow rates etc???

If it is, ADE s/h would need to ask whether Beach was buying their shares based on Inside Information??

Now Beach has form wrt trading shares at times when sensitive drilling news is imminent !

they will claim that they complied with all the rules.

I hope that ADE directors start really yelling loud and clear if Beach suddenly come out with important news at this point in time - ie after Beach has secured control of ADE.

Because some of you guys have sold at 20c, and maybe if you had the latest info, you might not have sold??

cheers