The ADL story14 Nov 2017 11:59
CEB resources (current ADL) was valued at �12 million market capital, 1.20p, when the company had no assets, no partner. It's share price sored from 0.10p to as high as 1.20p (that's 12 bagged) only because of the world class management.
ADL (old CEB) now has the exactly same world class management, assets with potential to produce up to 500MW. That's around a �1 billion in revenue, half of it will be �500 million to ADL. Let's be conservative and say �200 million to ADl, do you think ADL market capital will remain �3 million?
And the partner is basically the government themselves. Partners with Indonesian National Oil Company(Pertamina) to Monetise Multiple Gas Fields. Not to forget Siemens.
David Whitby is the only reason why it was achieved as he used to be Pertamina's top MAN.
Now if any1 has any doubt that we might not receive approval then think again and do more research while you can. Because once the approval received, don't even think you can buy a single share around current price. It will be atleast 100% premium.
Pertamina Is Indonesian national oil Company, which means they are part of the government. Now Pertamina is ADL partner, which means ADL's management is very close to government. How could any1 possibly doubt that, ADL might not receive approval?