MAE 0.00% 0.0¢ marion energy limited

5c floor, page-15

  1. 1,257 Posts.
    grantjo, yesterday 5.6c was the yearly low and the bounce was imminent as well...good I didn't top up...this trend is suggesting it will retreat to the history low (4c) and who knows if it doesn't go further down. There are no indication whatsoever MAE is going to survive, at the moment it is only sucking capital from shareholders and in a lifeline agreement with banks to avoid the total collapse...Not sure if that's going to change in the short term unless there's something market doesn't know.

    Capital preservation appears to be the mode in which the market is perceiving MAE
 
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