MAE 0.00% 0.0¢ marion energy limited

Ann: Marion Commences Major Restructuring of Acti, page-15

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  1. 2,924 Posts.
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    re: Ann: Marion Commences Major Restructuring... The company does have assets, and a JV Partner may buy the assets. If they pay less than about $50M for them, shareholders will get nothing, and thats the big risk investors have in this company.
    Whoever takes over will need to pay Marion at least $50M for the assets and will need at least another $10M in cash to move the project anywhere.

    Under current financial conditions, I find it doubtful that Marion will receive anywhere near this much money for these assets.
 
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