MAE 0.00% 0.0¢ marion energy limited

adjusting market to new resource figures

  1. 4,102 Posts.
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    The release today has certainly put a few doubters on the side lines.

    At 9.30 there is approx 450k listed for sale sub 30c,with bidding at 25c.

    I hope a few brokers ring their clients to seek new instructions after the release today, no doubt directors will feel a littl easier at the forthcoming AGM.....before that meeting we should see a flow report from the current drilling....expect a flow rate of 3+mmcf,....and the big surprise will be the new reserve figures....possibly double .

    I suspect a open of 25c today.....may get some relief from the forced seller.....
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