MAE 0.00% 0.0¢ marion energy limited

spotlight on mae, 30 june 2009, page-8

  1. 3,395 Posts.
    Not being negative but wouldn't GS be an option to finance from given their position here? Also 50% of option 2 could be a considerable amount, 20mill x 50c (in the instance sale price 80c) for instance without investing a cent of your own money, all borrowed funds for no more than a month or 2? One director is ex fortis isn't he? He'd surely have finance in the bag via them with a sale in sight?

    Having said that I believe they'd easily have the votes to extend too if they wanted.

    I'll be watching with interest upon their decision.
 
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