Camo, since we are guessing here is another one. Shares and oppies now roughly 530m. CR which ends Friday 100m, includes oppies. Future CR (a guess, no basis) 370m. Total shares etc 1b. Sale price (if it sells, may remorph on) $700m. Do the maths. I am hoping for a smaller future CR. Sale price is conservative and depends on proven reserves which depend on flows. If it it morphs a SP of $0.40 is also reasonable.
JS is good and has said it is not rocket science to get gas, just needs money and knowledge/experience. New to MAE but not a particularly scarce commodity in the field. So I don't think it all depends on JS. Not intending to denigrate him just keeping perspective.
MAE Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
