MAE 0.00% 0.0¢ marion energy limited

thoughts

  1. 3,503 Posts.
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    interesting watching volumes change, even with no ability to trade.

    should be a pretty clean run to 20c+ and beyond, if we get multiple announcements.

    however, without additional news, it appears we are talking a placement here (rights issue not possible at these levels without maximum dilution), unfavourable on all accounts.

    with an announcement of purley a placement, this would surely give the market plenty of confidence for MAE going forward - i.e. willing funders for one reason or another.

    flow rates cannot be too far away either - though, i think that these will come separate to the above, and before Sept Quarterly - may even form part of activities report.

    needless to stay, i think that we are commencing the beginning of the end...

 
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