MAE 0.00% 0.0¢ marion energy limited

did i miss my chance, page-2

  1. 755 Posts.
    lightbulb Created with Sketch. 14
    IMO it all depends on these distressed sellers of the last few days.
    If they have really finished (no sign of them on Friday) then I'd say anything under 18c is history.

    I disagree with the criticism of the management that has been aired here over last 2 days.
    The recent drop in the share price has nothing to do with them (IMO).
    They cannot be blamed if a large holder decides to exit.
    They have indicated certain flow rate targets they expect to reach this year, and there is no evidence that these targets are in jeopardy.

    It is unfortuante for all of us that we have had a large distressed seller in recent days. This doesnt mean that the management have necessarily screwed up, of that there is something fundamentally wrong with the Marion story.

    Until clear evidence emerges to the contrary, I am holding
 
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