regarding gas price charts, page-14

Mate Natural gas contract price has fallen almost 10% in the last two days from $4.95 to $4.47.
http://www.nymex.com/ng_fut_cso.aspx

Spot prices also lower 5% overnight at $3.80
http://www.bloomberg.com/markets/commodities/energyprices.html

Natrual gas in storage at all time highs at 3660BCF and is still been injected at almost 70 BCF per week, Draw down season usually begins in 3 weeks by then it'll be almost 3900BCF. It will be likely that draw down will be slower as demand has fallen over 10% for gas in the US and commercial and residental realestate still imploding and over 200000 jobs lost every month thats over 7 million and counting real unemplowment close to 20%.

I'm believe there is significant downside risk for MAE given the demand / supply fundamentals of gas for the short to medium term and also that if there is another correction (which still is a real possibility AUD is at 92cents gold is at $1160) Could MAE survive its already weakened position?

I think we all really know deep down MAE is struggling to survive right now they HAVE TO get results now ie next month or two. EGM's and such probably would be a waste of time IMHO because time is something MAE doesn't have much of.

Well that and cash I mean remember they are going to be knocking on your door with a rights issue / capital raising. Without good announcement between now and then would you really buy up more and more ?