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ODE - Odessa Minerals

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Re: MAE - Marion Energy

The mae capital raising is a bit of a sad affair. So much short term hope such little delivery.
I say that because they have the infrastructure and compressor station all hooked up but obviously can't get the gas flows stabilised enough to produce and earn income. This has been going on for a few months now.
If they can't get the gas stabilised they are not much chance of any short term sale. So they have to drill more and need the cash to do so.
Aaaarrggg.
it's amazing how share price movement makes sense in hindsight. I just need to work on my crystal ball .........
 
Re: MAE - Marion Energy

hey guys,

i've heard there is some new research out on this one, anybody got hold of/read it? i'll be interested to see how they're handling the hydrates and how this will affect the stabilised flow rates. any body ever heard of hydrates and their effect on rates?

cheers
dale
 
Re: MAE - Marion Energy

takeover target written all over this one.. just need some liquidity in the system for someone (macquarie?) to move.

hydrates should not be a further issue.
 
Re: MAE - Marion Energy

4033981 said:
takeover target written all over this one.. just need some liquidity in the system for someone (macquarie?) to move.

hydrates should not be a further issue.
Click to expand...

Isnt virtually every stock on the bourse a takeover target at these prices?

What makes MAE so special compared to the hundreds of other 'undervalued' stocks out there?
 
Re: MAE - Marion Energy

helluva day today! up as much as 100% but finished down under 30c. anybody with some techno whizz on LNG setups care to explain a little what they meant by

"The Company estimates the recovery factor for the Emery Coals at Clear Creek to be 70%, and between 4 and 10% for the Mancos Shale at Clear Creek and Helper, yielding a recoverable resource potential in these reservoirs of between 1.8 and 3.7 trillion cubic feet of gas.

In conclusion, there is an estimated 33.5 Tcf of estimated natural gas resource in place in the Mancos Shale and the Emery and Blackhawk Coals at the Company's projects in Utah. The estimate for the total recoverable resource potential for these reservoirs is between 2.4 and 4.3 Tcf of natural gas."

my question is why is there two figures for total recoverable resources since they mention the same reservoirs?

also anybody willing to take shot at a new valuation assuming they stabilise their flows at 20mcf/d??

been waiting on this one a while!!

cheers
dale
 
Re: MAE - Marion Energy

whats the go with this company?? their balance sheet says they are 31mil in the red and 5mil in the green which =-26mil debt... does this mean they are woeful because if it bounced back to old highs i would make a massive profit.. did the credit crunch screw them over??
 
Re: MAE - Marion Energy

Lots of interest in this one today.. and a big increase.. i have jumped on at 0.385 this afternoon not sure if it was a good move but will see what happens close to four oclock...
 
Re: MAE - Marion Energy

STill lots of interest in this one today.. I am out at 44c but will keep watching something is definetly going on with this...
 
Re: MAE - Marion Energy

What stallion of a share? Been performing better than i expected and has shot past where i was thinking of selling. Has anyone got any likely outcomes of the sale/merger announcement and what affect it would have on the SP. Glad to be a holder of this one!
 
Re: MAE - Marion Energy

Anyone on MAE .. picked up a bundle today.. strong buying all day, expecting big announcment re cashflows and potential sale of business... Been watching for a while and think it could be on... On like DOnkey Kong ..
 
MAE

Hi Guys,

Anyone know what's going on with MAE. The share price just keeps on falling and I can't find any news on them. Do I hold on or just cut my losses?
 
Re: MAE - Marion Energy

Hi Mccleary, I am also an unfortunate stock holder. I think I will see it to the end - I could sell now, cut the losses, but those few dollars I would get, really wouldn't make much financial difference to me. Marion has an extremely bad management, directors have been shamelessly drawing their high salaries, they had spent over 150 mil for nothing. As far as I know there are a lot of shareholders getting ready for the AGM and tell them what they think. Will it help - of course NOT. Sorry not to be positive.
 
Re: MAE - Marion Energy

Thanks Babka. I'll just hold out as well and see what happens. Hopefully something will come out of the AGM.
 
Re: MAE - Marion Energy

MAE into trading halt today, pending announcement to the market regarding a Capital Rasing.
Looking back on the thread this was a move they made this time last year as well.
 
On January 25th, 2016, Marion Energy Limited (MAE) changed its name and ASX code to Cre8tek Limited (CR8).
 
Anyone following CR8?
Seems to be banking all its $6m on Flamingo -- an Enterprise SaaS company, which provides an AI platform to sell financial products online... check it out here www.flamingo.ai

Just looking at the market again after number of years ... and interested to see how these tech stocks get valued. This seems to have $28m market cap based on $75k / month revenue? Realise Flamingo just launched but is the tech bubble 2000 all over again?
 
On November 27th, 2017, Cre8tek Limited (CR8) changed its name and ASX code to Flamingo AI Limited (FGO).
 
Tipping competition selection. Hammer candle in downtrend. Possible reversal.
 
On November 9th, 2020, Flamingo AI Limited changed its name to Fargo Enterprises Limited.
 
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