After a week, I was really hoping that someone would have found this information.
Even more information has now been released into the public realm.
Again its nothing that would result in the company requiring to issue an announcement.
However there is a recent costing for a well that has made the public realm, which helps in projecting their financial position come June 30.
Professional investors will look at the cash burn rate, the projected time frame until the next cap raising..
Some Professional investors will be contacted by brokers and will be getting an investment brief from the company, the brokers and its advisors..
Often unloading shares prior to the cap raising so they can buy them back cheaper in a few weeks time.
Right now, I do my back of the envelope calculations as to where they are financially, aided by the recently publically available information on how much the spent on a recent workover.
Studying the most recent half yearly report, these guys are struggling financially again.
They need to raise more capital and soon. Probably before June 30.
I doubt they will be allowed to relist unless significantly more capital is raised to meet the ASX fudicial requirements. I recon the need to find another $7-10M from somewhere to relist, either through loan increases or cap raisings.
Anyway.... Show me how good you all are at investing. Sharing information will help us all make better investment choices. So post your finds here....
I will be posting the information I have found....
When I do imagine how I could have traded shares in Marion and made money out of it with the information I have found.
That's what professional investors do.
MAE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
