MAE (Marion Energy) another stock I held released countless announcements about gas flows, targets and the like prior to a CR. All positive, sounded great, gas was flowing targets were high....looked great on paper.
Problem was the gas never flowed, the targets were never reached.
Starting to sound all too familiar. Easy to set high targets and say the land is valuable and profitable but anyone can set a number, the production is the problem.
No flow, no cash simple.
Only have to look at MAE (suspended) to see projections and potential means diddly without action to back it up.
GGP Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
