MAE 0.00% 0.0¢ marion energy limited

gone into pre open, page-22

  1. 1,987 Posts.
    lautrec,

    You have got to be one of the most one-tracked single minded positive people I have ever seen (at least when it comes to MAE). I'd love to be sitting beside you at a State of Origin game where QLD was down 40-0 with 2 minutes to go and you'd still be telling me all the reasons why they are going to win from here.

    Your post gives all sorts of fanciful reasons why the share price has not taken off to your 70c target (that's just today's price rise - lol) including the fact that it might just all be happening because some phantoms have loans that are due to be paid back.

    Have you ever considered the reality that there certainly are loans due to be paid back - $50m has to be either paid back or rolled over by MAE in just on 2 months. Add to that the fact that the auditor has expressed concern over the validity of MAE's asset values (hinting at concerns whether the company is actually solvent) and I think you don't really need to chase phantoms to explain what's happening with the share price.

    You might simply disregard this post as a "downramp" (as opposed to your "70c today" ramp) but it isn't. It's just an attempt to get some balance into this thread. I am greatly concerned by the apparent support of your "research" efforts which appear to consist of ringing the Directors and believing everything they say. You don't have to look very far amongst the HC threads to see a lot of examples where that ends in grief.

    Best of luck to you and your "true believers" but I have changed my sentiment to sell given this latest release.

    Cheers

    Badfish
 
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