re: Ann: Change to Executive Management of Co...
Gamechanger
Too difficult to speculate but hopefully well above $0.006c.
I noticed the down rampers focusing on the negatives found in the accounts.
What about these positives that we can enjoy?
1. New CEO 2. MAE has 100% working interest on the three major gas projects. 3.Consolidated profit of $46.4m 4.Undiscounted future net cash flow of US$840m and NPV of US$307m. 5.Company has significant assets based upon an independent assessment. 6.Once Clear Creek operating its over to Helper. 7. Forgiveness of debt and discount on payables Assignment of net profits... TPG has invested because it expects PROFITS. 8. "If Clear Creek sold in excess of US$75m..... an expectation of a future sale???? 9. Us Creditors settled, Claims settled, lawsuits settled!!!! 10.Permission granted by TPG to invest $3m in other projects...Confidence??? 11. 49.2m replacement options for those that lapsed.
I could continue but what the heck.
Cheers
MAE is alive and will become profitable and hopefully taken over .
MAE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held