MAE has risen from the undead due to KL and JC negotiating the most unbelievable deal with the banks. PC negotiating extraordinary capital raisings at times of highest possible risk ie no gas, no nothing! Emergency funding!!
Since the new chairman was appointed and a lawyer joined the board 7 months ago, we have seen major progress. ASX reports completed, meaningful ASX updates and a preemptive move, thanks to KKK stopping LaJolla shutting down the company. The court gave MAE 9 days to settle when lawyers (not NS) assured them there would be 8 weeks to sort it out. No news, no gas hi risk and cash required immediately. Thank you KKK.
Like it or not this Board has saved your bacon and you might even get a 10c egg with fries. Time for whinging holders to take a reality check. If you get a single cent from MAE who do you thank? Certainly not the professional downrampers on this thread or the Johnny come lately's who had nothing to say during bad times and now want to denigrate those responsible for their likely good fortune.
Relisting, gas flows, positive cash flow and an increased reserve report. Yeah right! What an awful board.
MAE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
