I thought the same today myself Fergie. I hope you are right,...

I thought the same today myself Fergie.
I hope you are right, but I feel the 50's are possible and that could also classify as a longer term double bottom . Of course if June disapponts again then .....

Unfortunately, there is not much choice if we want to to sell because the buy depth is not great .
I feel deluded here and am grateful I reduced a while back .
I do not think MAE will go broke, but I am inclined to compare MAE to INP which has had a smilar spike to $1.80, is in oil, has large reserves, has missed voluntary timelines due to weather, did a large cap raising above a dollar, has experienced a substantial share collapse to 55 cents, etc .
MAE has around 40% more scrip, has a fifth of the cash, does not have oil reserves and spends almost three times as much on administrative costs than INP, but MAE seems better supported by its shareholders . Does the difference just come down to Management PR ?

I am not recommending INP over MAE as it has done worse somehow . I am in both moderately .