ODY- Bernie, Im sure you have already seen ODYs confirmation of their position re the Mae rights issue per their 30/9 Quarterly.. ".. given the current level of funds for the Company it is unlikely that ODY will participate in the(Mae) rights issue " GAS PRICES- The Dec-March futures prices have all had about 50 cents clipped off them ,each being a few cents either side of $5.50 (v. $6). Cheers .P.S. Ive changed my recommendation from "buy" to "no recommendation" as it impossible to conclude with any degree of confidence where Mae is going other than to conclude that the directors are about to pull a rabbit from the hat starting , Im reasonably sure,with the critical statement that the issue WILL be underwritten.
MAE Price at posting:
13.0¢ Sentiment: None Disclosure: Held