MAE 0.00% 0.0¢ marion energy limited

Daily volumes are quite low, even a relatively small sell off...

  1. 2,913 Posts.
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    Daily volumes are quite low, even a relatively small sell off could send the share price much lower.
    Just look at what happenned the other day.
    A relatively small sell off forced the share price down to 1.5c
    Without any decent news or "Rumours" of news this will drift lower.
    Its the promise of 5 mmcf/day that keeps punters interested.

    I really cannot see them coming close to that goal within 22 Days, given the lack of activity, and the lack of cash to do it.

    If they dont reach their goal, then what?
    Silence won't be good....
    A disappointing announcement probably worse.
    A sell off, stop losses triggered.

    They need to come out with a credible and positive announcement soon.
 
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