Mart Resources Inc MAUXF

RE: RE: RE: RE: We Need Oullin

[sgandza]

I am looking at cashflow as well,  and at $.056 per share it would be hard to maintain a dividend of $.05. I have been long mart for a year now and have no plans to sell my position. My concern is do I purchase more shares? Given the situation in the world economy, a drop of 20% in oil prices is not outside the realm of possiblities. Though mart's SP doen not necessarily move in conjunction with oil prices, I think the suspension of the dividend would negatively affect the price. I can live with fluctuations in the SP if I am continuing to get paid while I wait for the SP to rise.

My thoughts are that the jv partners would probably be less likely to agree to additional drilling if the price of oil were to drop and their income was put in jepardy. They were reluctant to drill UMU 10 at current prices.

I am not bashing this stock in any way - I am looking for additional information to help guide my investing decisions.

So my question again to anyone who is better able to analyze financial reports/conditions.  Would a drop in oil prices of 20% put the dividend in jeopardy?