re:gas prices and cash flow, page-8

I havent been buying for months; my only other mining stock is CVN (which you will have to wrench from me with a crowbar) . I have "solid" investments in both. Both have been bought with underlying value in mind- I subscribe to the view that you simply cannot tell when an undervalued stock will explode. I would never trade more than about 20% of a stock such as these or ,having done all the hard work (finding these stocks is not easy), you risk not being able to get back in having exited. I regard them as similar-MAE I regard at the present as "a poor mans CVN" but if it could "do a CVN" (= stop having new issues and accelerate drilling from cash flow,resulting in a second and a third rig being used to drill like a woodpecker into a gem of a licence where there is virtually no limit to the number of holes possible ) then the rate of discovery will rocket and the S.P. with it. My view on Mae is that it has DONE the hard yards- if it can become cash flow positive(with enough cash to spare to fund a second rig) after getting the first 8 wells performing then its away (CVN did this after about 10 wells).Mae is right on the brink-that is why I spend so much time trying to establish the point at which the cash flow will go from awful to self-funding. The gas price is critical- is it $4 or is it $6 ??? I reckon I know and I do this because the company starve us of information.I think Ive run out of space ??