DJ1,
From a direct answer i received from both Peter and then (to cross-examine) Peter - Rough wording, so not really a quote per se - 'there is absolutely no chance of going backwards in any way at this stage because there is nothing to indicate that we will go anywhere other than what we have already told shareholders. Our flow rates are always improving and we re bound to ASX rules to tell you if anything different occurs. So just hold tight and know that everything we've said is all that is happening'.
I asked Peter (not Jeff) if a pending sale/interest in our company would cause the company to hold back info regarding reserves or reports and the reply was roughly this: We cant do that. EVERYTHING (he accentuated) must be revealed to shareholders'.
So i can say that without speculating that i have confidence in MAE and that we are on our way to 20mmcfpd unless otherwise announced.
And for DJ1 - There could be a few reasons why there is no announcement out yet that would have nothing to do with actual flows issues. Some of those things may not be material enough to announce. Therefore the only issue shareholders should have is why the announcement isnt out yet and a call to a Director will set you swquare within about 30mins from now if you press the numbers on your telephone and speak to the person on the other end called Peter or Jeff. Trying Jeff from between about 1amEST - 4am is best in my experience and i've done it more than a few times.
Stay tight MAErs, theres nothing so far stopping us from acheiving the 20mmcfp and if there was the Directors know they would be breaching Laws by not revealing such.
So in other words? Sit back and wait for the share to return to pre-christmas levels as it finds it fair value again. If our price movement behaves parallel to the charts, then i am POSITIVE that the charts will guide new or undecided investors to become involved and that will push our/their share higher in the short term.
I would enjoy seeing it in the 60's soon if the support levels remain. Theres a bit more End of Day data req'd before the chartists know what to expect. So from here the share, may drop a bit naturally as brokers/traders test the support/resistance levels on the charts. After that, i think it will successfully move into high 40's at the least. Thats what my indicators say will happen if the share has support at 34cents. Looking at the momentum and a few other indicators, I dont think potential investors are wanting to wait for the next announcement, they want in.
And the +100% price rise over the last few weeks supports it.
Push on Jeff, bring home the bacon.
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