Ok we are all getting frustrated with MAE so why not teach your kids some maths:
Multiplication:
If Marion estimates 5 Mill expenditure - it will be closer to 10 Mill. If Marion estimates results in 6 months you might see them in 12 months.
Division:
If Marion estimates 1Tcf of gas the reserves report will show 500Bcf. If Marion forecasts flowrates of 20 million cubic feet per day you will get 10 per day.
Addition:
If Marion forecasts a sale next year, add two years. If Marion needs two capital raisings they will make two more.
Subtraction:
If Marion has 'successfully' treated 7 wells for hydrates, 5 will still have massive hydrate problems. If Goldman is spruiking $2 / share in the final sale... SELL NOW!!!
MAE Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held