Mate, the very quick summary is that it will either sell over the next few weeks and make a very nice profit or be delayed for a few years. Beware that there are alot of rumours running around (the majority of which have been the same for 18months with no result) regarding this stock and there has been since the company changed names to MAE.
The company does have very significant GAS reserves but have been hampered with poor management and an unfortunate timing of sale considering current gas prices.
The next announcement should hopefully tell a clearer picture of where they are at...... It will either be very pleasing or very frustrating for the many long term investors in MAE.
Fundamentally the company looks good, but your guess is as good as ours as to what will happen next!
MAE Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
