OTCPK:MAUXF - Post by User
Comment by
c0014377on Feb 01, 2012 4:53pm
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Post# 19476351
RE: What is lost/stolen oil!!??
RE: What is lost/stolen oil!!?? Per Chen;
"I think some investors were spooked by the pipeline issued in the past two months. Remember the pipeline had issues in late 2010 as well, but after that we had almost non-interrupted pipeline for almost a year. This issue in the past two months appears to be technical. As a Nigeria company, you have to live with it and hopefully the pipeline will recover soon. Remember, last time MMT got paid regardless of the pipeline had problem so it had very little impacts to MMT cashflow in the near term. Next year, when MMT build its own pipeline, I don't see it will be a major issue anymore. MMT still has many great catalysts coming, including potential dividends. I used the opportunity to pick up some cheap shares here."