MAE 0.00% 0.0¢ marion energy limited

spp falls short, page-19

  1. 8,606 Posts.
    I represent the little guy every day of my life.
    Greed will keep people in a share that has such a low MCap and shareprice...and they could lose all their money for that greed.

    However, if you appreciate market integrity is more important than greed, then you can all get together and complain about percieved injustices here such as the style of disclosuire that Directors operate with, the lack of announcements re legal pursuits/costs and an investigation into the supposed hydrate issues that have not been presented with any engineers evidence as yet. There may be evidence, but it hasn't been put forward.

    On that point, how can anyone trust that the company has told all the truth about why they shut in these so called 'economical at $2 gas price' wells, which are NOW being put back into production without evidence of anything new being done to counter problems that were present only 2yrs ago.

    If found to have been liable in some way, the Directors could be ousted by ASIC, the ruling hand. THEN you will be heading towards your greed/return goal. It's a longer path, but it might fix all your problems if it proves worthwhile. If not, at least everything will be out in the open and you can assess the management team that has ruined your share value to date.

    I see this as having less rick and time decay that waiting around for them to do as they wish when they wish - which could end up in disaster anyway, like last time.


    L

 
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