Australian (ASX) Stock Market Forum

ADI - Adelphi Energy

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all three stocks are as usual rising in unity..

GDN placed their shares in a trading halt this morning 2 days out of reaching their primary target,, makes you wonder whats happening there,, perhaps they have reevaluated their spruiking on the secondaries and decided thay need to stop the massive price rise as they have been releasing all information they can to the market and caused a lot of scruitiny from the ASX re their proceedures and conjectures..

things should cool off soon..

i thought any rise above 25% like on friday needed to have a please explain attached to it?? this stock has risen above that and seem to not require an explanation.. lets see what the day brings..
 
Wouldn't surprise me - in fact, with this one, I'd almost expect it - though maybe they did that a while back anyway.

ADI seems to have steadied - volume hasn't moved much in the last 10 min - still around 454,455 traded according to comsec. Maybe there were a few biggish orders in over the weekend.
any ideas??
 
But my other thought is - if they arrived at Hosston gas over the weekend - as many have expected - why don't we have a halt??
 
Profit takers have moved in. If they are in the know then we are in trouble. If it is just profit taking as insurance it is not a problem. Time will tell. Surely the asx is asking questions.
 
nioka said:
Profit takers have moved in. If they are in the know then we are in trouble. If it is just profit taking as insurance it is not a problem. Time will tell. Surely the asx is asking questions.
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yes, pressure will be on to release an announcement you would think
 
Take a deep breath guys and relax. Just remember the hosston formation is 4000ft. If they reached the beginning of the formation say saturday then we will have a number of days of drilling to get through it to total depth. Also keep in mind that the companies which are in sugarloaf are not ramping it like others with high return wells. I think there is no need for panic at this time.
 
djones said:
Im worried now!
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This was 48c on Friday you have to expect some people to take profits in the 60s.

I don't think the buying or selling is "informed" I think it is people positioning themselves for primary target, perhaps some GDN money and the hot money is turning its attention to high impact drilling.

Can't blame those who are risk averse cashing in some shares in high 60s.
 
Also you guys might like to read back through the thread and just remember whats happened already at sugarloaf. The sp is going to be volatile no doubt about that but at the end of this drilling sugarloaf is like 99% certain to be a commercial well. Now that should underpin the sp where it is right now and very very possibly much higher.
My opinion only of course but stay calm and look at the facts not what the traders are doing for a quick buck.
 
Broadside said:
this was 48c on Friday you have to expect some people to take profits in the 60s

I don't think the buying or selling is "informed" I think it is people positioning themselves for primary target, perhaps some GDN money and the hot money is turning its attention to high impact drilling

can't blame those who are risk averse cashing in some shares in high 60s
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exactly. there is no great volume at the lower end of todays prices.
 
Yeah - seems to be some support around 63-65c. I wouldn't worry too much.

What was our latest drilling rate estimate again??
 
with the stock a half its real value for the secondaries.. and new tiaiton about to run, which can add about .60 to the price also, the value of the secondaries and the prospect of success at new tiaiton is a long way short of real value..

The ASX is watching, and does contact the company secretary by phone, then if things dont sound right they send an official please explain..

if you dont see an official please explain, then the ASX wouldnt feel the market needs to be notified and that would mean the ASX isnt feeling that the market is backing the wrong horse so to speak. So no please explain after a 28% increase would mean the phone call made would have satisfied the ASX and they wouldnt have any concerns on the situation.. They have to protect the market from false runs and scams so they monitor and talk to company secretaries the moment things jump..

if ADI thought the price rise was unwarranted and running too far or out of control they would be the first to announce a trading halt and the first to stop the speculation..

there could be all sorts of reasons for delays.. busted drill bits, problems with circulation,, its rare for a well to be drilled problem free, and at these depths its a long shot to back it in for a trouble free drill..


the hosston sands have multiple plays all the way through,, reching the sands doesnt mean they immediately reach a play...

they will announce everything they need as and when its nessessary

still in my books a damn good valued stock,, perhaps about half its correct value at this point..

yes i hold this stock and no way am i selling!!
 
Just replacing the drill bit alone requires them to widthdraw all the rods which would take a lonnngggg time on such a deep hole. I have worked on drill rigs and it's a slow, nightmare of a job.
 
Dukey said:
Is there anything else interesting going on at EKA besides sugarloaf?
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They don't have any other projects, so if the Hosston is a miss, the stock could easily halve in value or worse.
 
Agentm said:
GDN placed their shares in a trading halt this morning 2 days out of reaching their primary target,, makes you wonder whats happening there,, perhaps they have reevaluated their spruiking on the secondaries and decided thay need to stop the massive price rise as they have been releasing all information they can to the market and caused a lot of scruitiny from the ASX re their proceedures and conjectures..
Click to expand...

What do GDN have to do with ADI and EKA?
 
my feeling is it isnt the primary.. or all three would be in a halt..

my feeling is that they are going on another fund raising venture..
 

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