Your ideas on share prices might well be correct, unfortunately if the deal not done with the Chinese.
What will be the share price then?
Hence the huge discount to what you see as fair value. Quite obviously if AED was producing 30,000bopd then the shares would be worth four - five or even six buck. Current production for the last 1/4 say less than 5,000bopd.
Deal still not done until the fat lady sings and the deal will be good for Sino but not for AED as AED have no bargaining position.
cheers
PC43
AED Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held
