MAE 0.00% 0.0¢ marion energy limited

pcaruso, do you believe the odds are with MAE or against them?We...

  1. 1,511 Posts.
    pcaruso, do you believe the odds are with MAE or against them?

    We know crunch time is coming and I assume you are leaning towards the view of company not achieving flows to become cashflow positive, otherwise you wouldn't have sold.

    I'm trusting history with this one. History shows that the gas is there and that it will flow.

    By selling out completely I think you are going to lose a big chunk of the upside with this one. The way I see it, we're either going to have lift off soon, or if they have problems ramping up production, we'll range trade between 65 and 80 for a while longer.

    I don't think it will be an easy task replacing your million share holding on market after we see lift off. After production is proved, I suspect most will be holding their shares tightly for the inevitable.
 
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