MAE 0.00% 0.0¢ marion energy limited

Ann: Bank Facility Terms Renegotiated and Extende, page-5

  1. 4,101 Posts.
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    re: Ann: Bank Facility Terms Renegotiated and... Very good announcement.

    What does Fortis know that we don't, in order for them to relax the payment schedule. They are obviously happy about mae's ongoing viability which will be a big relief for us long suffering shareholders.

    Reading between the lines, they also seem to think that come September next year, the loan will be able to be paid off. I suppose that's a rough date for when all the wells will be up & running and the sale process will be in final stages.

    All we need now are some good/improved flow announcements to get the sp moving. They must be almost running on fumes now, so the RI can't be far off. The RI will need to be preceded by some good announcements.
 
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