MAE 0.00% 0.0¢ marion energy limited

Ann: Goldman Sachs retained to seek buyers for Co, page-102

  1. 8,606 Posts.
    re: Ann: Goldman Sachs retained to seek buyer... Over time, the opinions ive gotten say that our $1-80 high was a reflection of about half of what we were worth. Then it was expected that news to follow would lift the share to around double. That is, at that stage (no mention of global crisis then) many expected to have a +$3 share when we were sold and the share climbed to half of that pending news to follow.
    Almost 2 yrs on, in hindsight, a sale then was a long-shot. Now we have cleared up hydrates and our company has been well publicised and is supported/driven somewhat by Goldman Sachs expertise.
    So on the above basis, whatever high we hit within the next month, i think will only be half of its eventual high, as again, investors are seeking news to follow - but are many times more confident than 2 yrs ago.

    So if its at $1 within a month, i see it as a min of $2 when its sold - only a rough guide to my thinking and observation - of course it will go either higher or lower no doubt.

    Making statements without some supporting theory just sounds unreliable, flippant and seems unhelpful for the whole forum, hence my lengthy explainations, so forgive me if you will.
 
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