MAE 0.00% 0.0¢ marion energy limited

boardroom radio interview, page-3

  1. 2,482 Posts.
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    I listened to the interview also.

    Based on my reading of his leading statements, responses and emphasis, Geoff Clarke is much more focussed on increasing the reserves than on actually producing. This fits with the scuttlebut talk that Marion was always intended to be a takeover play, rather than an ongoing business entity.

    When asked about cashflow, he answered July, and very quickly moved on. He mentioned more drill holes & rigs, and made a number of statements about what he "didn't want to talk about" - which was predicting more reserves without actually doing so. Cashflow is not central to Marion plans.

    Listen yourself, I may have it wrong, but don't think so.
 
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