The market does not seem to be reacting very positively to the news of the finance extension.
Perhaps there is a suspicion that the terms are not particularly favorable to MAE, in the form of a higher interest rate? Or perhaps the fact that it is only a 90 day extension doesn't offer enough certainty for investors? There is no mention of any change in terms in the announcement, but perhaps the financials will tell the full story.
Alternatively, maybe the 90-day extension is a clear signal that a capital raising is imminent?
As always with MAE, so many questions and so few answers!
MAE Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
