Mart Resources Inc MAUXF

rxdoc - please verify your estimates publicaly

[malx1]

This is your opportunity to gain some credibility amongst readers.  Share how you derived a $1.50 target. 

If you cannot provide factual information, I will encourage message board readers to utilize the ignore feature to discourage your misleading activity.

[rxdoc]

I am not sure what you want from me...I sent you a PM with my thinking...and stated that I did not want to waste others time...since I was wrong.  But here goes.... I felt that the oil owed (approx 3 months worth at about 13MM x 3=39MM)...which is about 24% of 162MM (proj annual flow from ops).  In December they were trading at about 1.90+/share.  So a 24% drop from share price

[malx1]

Why did you use December's $1.90 as full value?

[rxdoc]

I was using their 9 month financials from the investor page and felt that was the closest SP to those numbers....I didn't want to use anything past 2/sh since I felt that was before more losses ocurred....since I was discounting those.  Just a point to pick...nothing to scientific about it.

[malx1]

the reason I ask is:  if you use an arbitrary value to project your price target, your target is then arbitrary as well, is it not?

[terroir]

RxDoc, your explanation and effort is more than enough for me. Fact is that when fear and risk is such a large component of market action, it is very difficult to use logic to pick a value. As you said you were not that far off. Terr

[themangokid]

99% of everyone here uses arbitrary numbers in their forecasts. every single person that i recall who participated in the $2 contest didn't use any mathematical formula to guess their date. cut the guy a break. he guessed 1.50.  the shareprice hit 1.60.  its not that big a deal compares to the other stuff that goes on here.