Mart Resources Inc MAUXF

Oil Prices Tanking

[3lectricgorilla]

Hate to be such a bear here but with no oil flowing down the pipe, no cash flow, and plummetting oil prices...all do not bode well for Mart here. I'm sure they will be make it through just fine at the end of the day but things are starting to look dicey in this market. I wouldn't want to be holding small cap stocks if we get a major correction in the markets. Be safe and cautious out there.

[slingshotz]

Please be careful about your facts.  Mart does have cash flow, it is "guaranteed" by AGIP, it's just that Mart now owes AGIP oil for the cash advance.   However, what I would like to know is what would happen if say the pipeline is somehow lost forever?  I know that's technically highly unlikely, but I'm asking the experts out there what would typically happen

[3lectricgorilla]

How does Mart have cash flow? No il is flowing down the pipeline. Period. That guaranteed oil is past tense...what about the oil that should be flowing down the pipeline now if it were open. Mart currently does not have cash flow and crude oil prices are falling fast. Everyone here is hoping for some news to make everything ok. You just got production news.

[WeKnowEnergy]

Sorry gorilla, I think you need to do some reading up before littering the board.  Mart not only is getting regular cash flow under the agreement but also took out a $100 million loan and has a ton of cash on the books. Nowhere near the cash crunch you are portraying and in fact quite the opposite.  Good luck with your short, looking forward to pipeline news in the near term.

[3lectricgorilla]

How am I littering the board with two posts? Also, because I have a negative view of Mart I'm short selling? From Mart's most recent interim financial statements from Sedar.com, Mart had about $55 million in cash as of Sept. 30,2012 with another $32 million in restricted cash. So lets say total cash of about $87 million as of Sept. 30 2012. They paid a $18 million dividend in that quarter

[radcat]

See last news release. Here is your answer:     - Umusadege field production and deliveries into the export pipeline were shut down during all of March 2013. - 320,000 barrels of oil were nominated on behalf of the Umusadege field in March 2013 with payment to be received in mid-April. CALGARY, ALBERTA--(Marketwired - April 15, 2013) - Mart Resources, Inc. (TSX VENTURE:MMT) ("

[WeKnowEnergy]

I said before littering the board and here you go...  The reason I said it is because you are wrong, sorry I know you dont like to hear it.  DYOR