Hi All AED holders
I was at the GOC and listen with interest to AED presentation.
What a great story, share issued at 85c now north of AUD 7.00 bucks or so.
I have one concern, which is huge expectation on production from the Puffin sandstone, now I am not say that it will not work, it probably will. But there is such a high value given to this company I wonder what the fall would be if the production wasn't exactly as predicted. Lots of downside risk, remember we are dealing with offshore horizontal wells, they are not cheap or easy to do.
Then having quickly read AED threads I see that the director are selling.
SO MY VIEW WOULD be looking to book a profit as the downside out ways the upside until you know the production results.
cheers
PC43
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