I keep a keen eye on MAE for signs of life. I had a look at the...

I keep a keen eye on MAE for signs of life. I had a look at the 2005 annual report which said they farmed into Clear Creek for a mere $5million for 75%. Naturally the first thought that occurred to me was the field must be a dog if the owner gave 75% away for that price given its "potential".

Punters see this clear creek play as a company maker. I give it a 50/50 chance of being a dud. Looks risky and expensive to develop

I'll keep watching and researching

management track record is a worry. You wouldn't have to much faith in their hopes judging by the bullishness in 2005!