You were screwed by the ASX announcements and the paid publicity machine, which so many believed.
The announced gas numbers are laughable..
How they got away with it is a lesson to us all.
There will be others that do exactly the same thing.
I know many asked why I was here...
I am a professional investor and being a professional investor you need to spot the good from the bad.
I never invested in Marion, but like all of you here I was attracted to the good news story. Following Marion was for me making me a better investor. Investing is about finding the good and avoiding the Bad. Marion has been a fantastic study on the bad. I am a better investor for it.
I hope my posts did not annoy you too much, that was not my intention.
I was just trying to reveal facts that I uncovered.
The time it took me to get a lot of that information was embarrassingly short.
I remember losing what seemed like quite a bit of money 25 years ago. It was a large listed company in a great sector but was run by idiots. Losing that many was the best thing for my investing career. Painful at the time, but it made me thoroughly investigate the CEO and the board of every company I have invested in long term. Invest early in a good board CEO and management team and your investment will probably do well. Invest in poor management and your money is gone nearly every time
MAE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held