MAE 0.00% 0.0¢ marion energy limited

where's next support, page-9

  1. 4,837 Posts.
    chook
    The risk reward at 20c does not interest me in the slightest......still expensive when we can only suspect that they still have insignificant flow rates to produce revenue and thus are in a situation where they are at the complete mercy of their bankers and buyers.....if there are no buyers then even generous bankers this time around will only lead them to be short of cash next quarter, the one after etc etc all the time their liabilitys will be getting bigger....I would not be to confident on the bankers coming to the party whenthey have just downgraded reserves.......
    Cheers
 
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