My understanding is that MAE cannot now relist due to the TPG situation. Increase in debtors. It does not have sufficient funds andso the ASX will not permit relisting at this stage.
We need to wait on asset sales or refinancing or new partner.
It all looked good while TPG supported the company. Can only assume that they were disappointed at the slow progress of increasing gas supply.
Waiting for Korda to rescue our cause. All not lost while they remain shareholders.
MAE Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held