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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > $400bil in Nigerian Oil stolen
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Post by bxju on Aug 29, 2012 11:52am

$400bil in Nigerian Oil stolen

The oil thefts in Africa have been going on ever since oil was discovered there, if this stock was in US or CA it would be a $5 to $10 stock or more. They cannot steal the oil in the ground and MMT needs to just keep increasing reserves and generating as much $ as possible and shareholders should realize that the price is going to flucuate greatly. I did see recently that the military captured one of the biggest theft gangs in this area of Nigeria.

https://allafrica.com/view/group/main/main/id/00018947.html

Comment by stockpeeker on Aug 29, 2012 1:13pm
Mart frustration: One of the frustrations about investing in a company that operates only in Nigeria is that it is never clear whether the theft is greatest from the oil thieves that bunker the oil, the government that imposes under the table taxation, the oil ministry that seeks to be paid for allowing business, the pipeline operator, the JV partners, or even Mart's internal financial ...more  
Comment by kaisersosze on Aug 29, 2012 1:31pm
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