MAE 0.00% 0.0¢ marion energy limited

any money on the horizon

  1. 1,242 Posts.
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    Just took a quick look over the accounts after having bought a few at .215 ... thinking now perhaps I should have checked the accounts BEFORE buying ... so I'm wondering ... they've got a quarterly burn of about 10 mill, and about 1.5 mill cash, plus a debt of about 50 mill.

    So ... not a pretty picture ... which brings up my question to any and all:

    Does anyone out there know anything about this company that I don't, that stops them being the casualty waiting to happen that I'm beginning to think they might be?

    In the meantime I got a REALLY short stop on this one ...
 
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Currently unlisted public company.

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