MAE marion energy limited

Ann: Well workover program expanded by 5 extra we, page-7

  1. 2,938 Posts.
    lightbulb Created with Sketch. 133
    re: Ann: Well workover program expanded by 5 ... They have no money.
    They owe suppliers $15M, and need to pay the bank $9M in interest payments, loan extension fees and a $5.6M repayment
    Wheres the money to do the workover?
    Whos going to spend $5M on MAE's behalf and queue up behind another $15M in Debtors
    The quarterly said they would spend $350K on Development..

    Right plan, probably yes...

    Wheres the cash...

    Despite the rhetoric I cant see anything happenning this quarter, unless the cash rolls in.

    I see the announcment as an attempt by the company to move the VWAP up prior to the Cap raising.

    Cap Raising coming with 2 weeks if theory holds water

 
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.