MAE
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0.00% 0.0¢ marion energy limited

so what can happen next?, page-2

  1. hcraboc
    2,912 Posts.
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    27/11/12
    19:11
    Post #: 11115371
    According to court documents they have $191M worth of liabilities... that was 17 months ago..
    Liabilities with interest would now be over $200M

    Assets were $134M stated in the 2011 Annual Report

    Under current market circumstances I would consider it difficult to sell the assets for $134M
    That falls a long way short of their liabilities

    I think that pretty much explains what the shareholders would get under a sale agreement..










    MAE Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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