Neovre,Your post was good.Yous aid:"The directors made...

Neovre,

Your post was good.
Yous aid:
"The directors made representations to kooks at others that they would not run out of money - but this was on the assumption of steady cash flows."
This is true on both points, it could only be based on a premise of either not spending any money or conversely, making money.
We havent see the figures we were told we might get for last half of Dec - January (the date that the valves were open 24/7 for one particular productive 7mmcfpd well - flare photos on MAE website) and we are yet to see any other earnings reflected unless that occurs in the coming 1/4rly. This needs to be answered in the 1/4rly before anyone can draw any conclusion regarding has or has nots IMO.

For my 5 cents, to make a generalised statement (based on the same gut feeling i had when i made this same prediction in January) i think MAE will surprise again in the next few anonucements and that most investors are expecting some surprise given the absense of announcements. So until we get that IRR and/or further news on our sale, i dont think that a predictably poor 1/4rly will cause the shareprice to drop.
We have all weighed up everthing from Jeffs Longevity and Peters impeccible wardrobe to financials and frustrations. I dont know any investors outside of HC that expect MAE to have made any money until they are sold. The only thing i believe will effect the shareprice is the IRR or a reverse in our position with GS (no sign of that on the horizon, so full speed ahead).

Cheers,

L.