MAE marion energy limited

another day at the office

  1. 2,257 Posts.
    lightbulb Created with Sketch. 58
    cut and paste from a major long term share holder Quote::::1.1 Receipts from product sales and related
    debtors
    15,000
    1.2 Payments for (a) exploration & evaluation
    (b) development(476,000)
    (c) production(321,000)
    (d) administration(456,000)

    3 Dividends received
    1.4 Interest and other items of a similar nature
    Received 41,000
    1.5 Interest and other costs of finance paid
    1.6 Income taxes paid
    1.7 Other: Payments related to reduction in pre June 30,2010 accounts payables outstanding
    (5,149,000)


    Income from gas 15,000
    cost to Marion to produce the $15,000 come from 476k + 321k +456k $1.253 million
    Interest from leaving 16 million in bank for 2 months $41,000


    Seems its cheaper to just leave the cash in the bank and get interest than these clowns being paid 4 grand each a week to produce $1,250 worth of gas a week


    note they didnt say anything about still having to pay 2 million out in last court case
 
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