Kiwi, agree with what you say and it is well documented on the company's website. We all have a tolerance level and I have decided that mine has been tested. I will continue to monitor the stock because the fundamentals are great. The future is great if the company can start producing good rates of gas. But I will only be convinced then and the opportunity to buy back in will not diminish in the short term. In the meanwhile I will offload the balance of my holdings and top up with Mount Gibson Iron shares which I can see at $4.50, even $5 within 6-12 months (presently 3.37). I have no doubt MAE will be rerated if they demonstrate production levels as forecast. Until then I'm happy to sit on the fence. Two years of bullish announcements have not been backed with evidence of good production and cash flows. I'm now happy to be the doubting Thomas. I have an investment to protect.
MAE Price at posting:
0.0¢ Sentiment: None Disclosure: Held