for gods sake, page-16

The sad thing about MAE is that it managed to raise $200M (placements and bank loans) on the weight of announcements of no substance and 2 overused words - imminent and substantial. Clearly nothing was imminent and substantial (directors remuneration aside). It's hard to see how relisting will help existing holders when the focus will be the creditors. They still owe banks close to $100M. $4.50 per million cubic feet is the current spot price of gas. They will need to produce lots and lots of gas just to make a little headway in servicing the bank loan. For the record, MAE cost me dearly but I was fortunate to have bailed out at 50 odd cents back in 2008. I still run into Peter Collery but our discussions focus around his beloved Richmond FC and my beloved magpies. Good luck to you holders. I hope you manage to salvage something from this share. Just don't expect too much.