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MAE, MARION ENERGY LIMITED
uraniumbull
post Posted: Jul 31 2010, 01:41 PM
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In Reply To: mullokintyre's post @ Jun 2 2010, 01:57 PM

Its also dragging its arse all over the back lawn...
I think it has worms.



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Life is like a toilet roll.
The closer you get to the end, the faster it goes.
 
mullokintyre
post Posted: Jun 2 2010, 01:57 PM
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If it Barks, walks on four paws, craps on ya lawn, chases cars, howls at the moon, its a dog.
Can't see it surviving.
Mick



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veeone
post Posted: Jun 2 2010, 12:48 PM
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In Reply To: grommit's post @ Jun 2 2010, 11:33 AM

No Davo made a general comment on raising capital at a certain SP and what would be on issue fully diluted with oppies etc if they were after 30 odd million bucks. V1

 
Mork
post Posted: Jun 2 2010, 12:07 PM
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In Reply To: grommit's post @ Jun 2 2010, 11:33 AM

430m fpo's plus lots of debt and no money. They've already flagged a capital raising coming up so lots of dilution ahead.

 
grommit
post Posted: Jun 2 2010, 11:33 AM
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Who was talking about 2 billion shares on issue..i see only 229 million!!...????..ann out...gas production figures out 15mmcf per day by years end...any thoughts people...hmm...@2.2c...could be worth a punt. lmaosmiley.gif

 
arty
post Posted: Mar 18 2010, 02:31 PM
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... and back down she comes.
No daytrading quickie in this one anymore sadsmiley02.gif

Attached Image



PS: In case you missed this "fundamental" bit: MAE used to be in the ASX S&P300 and in the All Ords as well.
No longer in either - which won't come as a surprise.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 


davo22
post Posted: Mar 18 2010, 06:23 AM
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In Reply To: arty's post @ Mar 17 2010, 11:31 PM

I missed the run too.....but am I happy I bailed out at 80c ..you bet....low gas prices, no production, imminent capital raising, not much to justify gains, unless it is based on inside knowledge.....My worry (not that I hold) is that directors do what is best for themselves, which would be a complete recapitalisation of the company and issue more shares than are currently on issue by multiples.....could likely be over 1bill shares on issue at the finalisation of the rights issue....needing a minimum of $20mil (it would appear) but preferably more,


was it $36 mil they suggested they needed a while back? at 3c with a 1:2 free option to get it over the line you are looking a 4:1 share held..... fully diluted 2.2bill shares on issue.....and while I think this scenario is less likely now the $20mil is not. still leads to a more than tripling of shares on issue (fully diluted)......and even then they would need to get the gas flowing or they are in a whole world of hurt again...

 
arty
post Posted: Mar 17 2010, 11:31 PM
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In Reply To: mistagear's post @ Mar 17 2010, 11:10 PM

Spot-on, Mista - hence my comment today:
QUOTE
I'm cheesed off that I didn't pay attention when it was casually mentioned on Monday

If you say it was already last week - well, a weekend is a lonnng time to forget stun.gif

Now what was I saying...



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
uraniumbull
post Posted: Mar 17 2010, 11:23 PM
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In Reply To: mistagear's post @ Mar 17 2010, 11:10 PM

Yep it went up a bit...

Read the last paragraph of the auditors report.
Its a little sobering and basically warns that the company maybe insolvent, without actually saying it.

Bleading too much money.



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Life is like a toilet roll.
The closer you get to the end, the faster it goes.
 
mistagear
post Posted: Mar 17 2010, 11:10 PM
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In Reply To: arty's post @ Mar 17 2010, 10:57 PM

Arty,

Hello....Excuse me.......
QUOTE
What a shame nobody alerted us with a firm prediction - preferably yesterday or Monday angry.gif


how 'bout .. its a shame Arty ignored when someone alerted him last week.... biggrin.gif

or are u using Alzheimer's as defense this week hypocrite.gif
Sorry, couldn't resist devilsmiley.gif



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Please support >>> Bear Cottage for Kids,
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