It seems to me that our Management have been too smart by half... as I understand it they have created their own Management Company to manage the Farm In of one or more partners to drill the wells.... but that Management Company can't close any of the Deals and actually get any of the prospective entities to commit any funds and sign off on a deal..... so it's waste of Shareholders funds and assets..... if they don't actually drill any wells we will loose the Leases for non compliance....
Meanwhile ASIC doesn't appear to be exercising their own rules for Listing..... there should be penalties for Company Management who freeze / suspend their shares for no apparent reason .... why would they have frozen the shares... were they expecting a rapid collapse in the share price ... or expecting someone to try to take over MKE ?
Either way I feel like I have been taken advantage of - without the ability to exercise my free will and sell or hold... !
MKE Price at posting:
9.0¢ Sentiment: None Disclosure: Held