mae future direction, page-18

Just a few points, though not my speciality, when hcrab talks of Chapter 11, as far as I am aware there is no such thing in Australia. After all Marion is an Australian company not a US company.

As Dicktangles pointed out, something is obviously in the wind which would preclude Directors from buying on market.

When the SPP was announced, as evidenced by the Quarterly, the Directors wanted/needed the cash the SPP would provide. Now all of a sudden they don't want the cash or realise they'll be able to raise it at a much better price in the future. If they do reach 5mmcf by the end of June, the sp will be north of 5c and the Director's options will suffer far less dilution when the company is eventually sold.

As previous posters have said, don't let the downrampers make you sell your shares, they just want to pick them up cheaply. Marion is only capitalised at $20m, the downside is limited, especially considering the Directors don't want any more cash at 2.2c. The upside is considerable.