MAE marion energy limited

re: Ann: Targets Gas Production of 15 mmcf pe... Kiwi, mate, I'm...

  1. 3,503 Posts.
    lightbulb Created with Sketch. 88
    re: Ann: Targets Gas Production of 15 mmcf pe... Kiwi, mate, I'm afraid to say as you are now a non-holder, then yes your money is a sunk cost

    The company doesn't care about your money, my money or joe blogs $250k that he bought on market

    Fact of the matter is, is that they are interested in funds that will recapitalise the company

    Further, it is clearly evident that the Company has a blatent disregard for these individuals/entities also (pattos for one)

    The fact is you, and other holders including myself, invested and were shafted by JC

    The difference now is that JSjr is now in control, and I see a better outcome throwing further funds at this knowing this fact

    To say that we need to get 55 from 22 is silly, that's like what, 2 from each well

    JSjr has said that 17mmcf is achieveable from1 well, 11-17, but clearly has had resources/cash, and creditors out the wazoo

    These same creitors, who were onsite, even packed up shop until paid (as you do) making it further restricting

    Thing is JC is a dog, and that's that

    Its crunch time, do or die, forget or be forgotten, because the Company will do just that
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.