"Interest to be capitalised agreement ends June 2011. Nobody knows what happens after that. More convertible notes and dilution?" I am certain there will be more dilution the question is purely how much ?
Yep nobody knows what will happen - more of the same and bank comes in to take interest in shares or takes the whole thing. Seems unlikely now - they should have done this 6 months ago if that was the prefered action.
Or if you believe sscw42 is onto something- coy meets and probably passes production goal by June 30. A JV is announced to exploit Helper . There may be a small cash payment to marion for the JV - depends on how things really look on the ground. this should see the share price well above 2.2c as confidence will return when the coy is involved with others who actually know what they are doing. If share price gets to 8-10c for arguements sake the coy could raise at that stage and dilution would be less. Can't possibly believe they received more than 2-2.5 mill in the SPP so they have saved a lot of the shares by shutting it down early.
Well we will know within 7 weeks how this plays out. The directors of a marion are like some of the posters here provide only the info that fits their agenda . Maybe we have a few ex-directors or ex exectuive staff amungst us. ;)
MAE Price at posting:
2.2¢ Sentiment: None Disclosure: Held
