MAE 0.00% 0.0¢ marion energy limited

Ann: Share Purchase Plan , page-22

  1. 4,111 Posts.
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    The end of March has now passed, and we have no report of "meaningful" production.

    Whilst it doesn't surprise me we haven't had that production report, I still believe we'll get it, hopefully sooner rather than later.

    It was March 31st they put out the SPP release, still with the statement to expect "meaningful production" by the end of March - the day of release! Now this wasn't just a cut and paste, they actually reworded the sentence, still using the term "meaningful production" . So it wasn't just a mistake, it was purposely included.

    When I suggested they'd do a SPP a few weeks ago, the dooms-dayers said no way, they'd have to put out a disclosure statement. Once again wrong.

    We may get the finer details of the SPP today, it'll be interesting to see if it's underwritten.
 
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