Mart Resources Inc MAUXF

RE:RE:RE:gibbons, why do you bother?

[gibbonsj]

It's a lot more than thieves as you call them which is why I believe this MW deal is an all or nothing thing for MMT. I've been following this stock closely for a couple of years and have seen it halted with no production for extended periods (months) because of the so called thieves blowing infrastructure. I do not think MMT with its debt can survive another period without production. Shares will respond accordingly. If we're at .55 coming into a .80 takeover what will sp look like if the lines remain down and MW pulls their offer? As far as we know the Umugini pipeline which has been down since April 4 is still down and may be down for sometime to come. There is also the matter of Shell's 500,000 barrel spill which the government reports it had told Shell its infrastructure had reach end of life many years earlier. I think nailing down the cost to rebuild infrastructure is what's holding the deal up. If it's excessive and I'm sure it will be plenty costly MW may just eat the $5M bullet and move on.