what price for sale ?, page-2

I rarely blog on HC. Read mainly. I have been a holder of MAE since the CPC. I read both the negative and positive posts and must say they all have merit. MAE is not a stock for the faint hearted and yes, management is exactly at a BHP Billiton standard. But let's move forward. I have a background in petroleum engineering and have just returned from the US, Salt Lake City specifically. I have friendships with a couple of Devon folk and we discussed MAE over dinner. Based on my discussions, I will stick my neck out and state the following:

1. I expect a bid within the next 15 days, 21 at the latest.
2. I am therefore of the view MAE is of material interest to a potential acquirer
3. Given its location, we will not realise the best price.
4. I expect the sale price to be around US 60-70c. We should net about $A0.60 per share, maybe a little more.
5. The directors will be back for their cut shortly - performance options.
6. The bankers would not agree to options at a strike price of 37.5c if they did not feel there's reasonable $ to be made.

Given the above, I'm not recommending one way or another what you should be doing (buying or selling). I will say this will be over sooner than later and there's money to be made if you have an appetite for risk. That's mu gut feel. Good luck.