MAE 0.00% 0.0¢ marion energy limited

Ann: Operations Update , page-5

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  1. 1,446 Posts.
    "have TPG and Korda wasted their money investing in Marion?"

    you do not know their exit strategy.. just because they may happen to make money off MAE does not guarantee ordinary shareholders will.. TPG are first in the queue, shareholders are on the outside, around a corner and down an alley way

    "Will Marion never be finacially viable?"

    what does the last 8+ years tell you? what tangible evidence can you provide that things are actually different this time around?

    "With your extensive knowledge of the gas operations should you ask for a consulting role?"

    others with extensive knowledge took up consulting roles and moved on.. who is the current miracle man supposedly making it all work?

    "In the meanwhile I will rely on the company to relist and deliver profits until proven otherwise."

    you are relying on an ASX listed company to actually deliver profits? wow.. take some responsibility for your investment.. what percentage of listed companies actually return a profit to shareholders? then ask the same question of a junior resources company with a high risk project

    until proven otherwise? again, do some independent research other than relying on the vague company announcements.. what other companies and projects are producing gas in the area? are they profitable? what distinguishing factors do their projects have to MAEs? relatively simple questions that any investor should be able to answer

    i've lost count of how many times MAE have been unable to comment on flow rates until water issues are resolved and stabalised.. perhaps they never will? or maybe the money will run out again and they'll have to stop the workover programs until financially restructured again (rinse and repeat again and again and again)
 
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