Mart Resources Inc MAUXF

UMU10

[bobby1231]

One thing that has been really bothering me is why didn't Mart finish the job at UMU10 as we still are waiting to drill UMU11. We could of moved the rig back and finished the job as Wade knew that it would take time to get the rig ready to drill UMU11. If you listen to the Conference call they would of had the required parts within 3 weeks.

[JustforFun7]

were they dragging their feet until they knew the tax treatment of the deep sands?   are they dragging their feet so they can conserve their money until such time they have replenished the coffers  so they don't have to interupt the divy?    JFF7

[zeus55]

"are they dragging their feet so they can conserve their money until such time they have replenished the coffers  so they don't have to interupt the divy?"   That would be insane. Mart may not be 'dragging their feet' at all, but the delays just a function of operating in Nigeria. The main uncertainty now is the status of the dividend, and the main risk to that

[pistolpete96]

>>were they dragging their feet until they knew the tax treatment of the deep sands?<<   Mart & Wade have ALWAYS known the tax treatment of the deep sands.  Wade made that very clear on Friday's call.  Any speculation to the contrary was totally baseless, and quite frankly harmful in fully understanding the value of this company.

[OT0911]

After Wade's reluctancy to answer the dividend question on the conference call you'd have to bet that there is going to be something significant coming... IMO, he announces that the dividend will be suspended for one or two quarters while we catch up on our pipeline deliveries and invest in building the pipeline. I don't think the market is going to react very well but IMO, 

[JustforFun7]

I dont think it is clear either way but I think MMT is very commited to the divy. If it can happen, they will make it work.    JFF7

[pipsqueak3]

Well said Zeus, Pete, 911.. A couple sessions ago when SP fell intra to 1.32 and recovered to 1.47 this board perceived the cause to be due to earnings surprise... people were surprised SP could drop when price already supposedly discounted Q1E. Perhaps they were right about the discount, but wrong about the cause. Smart money may have used Q1E as a decoy amidst the true inside fact that the divy

[kolokoy]

divy bashing is not working.. think something like asteriod hit the pipeline etc :) the management is nuts if they suspend the divy. no managent wants to loss their credibility...  

[pipsqueak3]

I think there is huge validity in zeus' comment: "The main uncertainty now is the status of the dividend, and the main risk to that is whether or not the bank loaning Mart the $100 million would ask for a termination to the dividend as a requirement for issuing the loan proceeds."   It may not be their call.. 

[kolokoy]

its their call... management is smarter than that...

[kolokoy]

again... try something extreme...its an insult to investor intelligence if you think that they will entertain divy bashing

[kellermanc]

there is no UNCERTAINTY. Oil is flowing down the pipe, now with much less bunkering. Mart doesn't need the 100 MILLION to pay the DIVY.  Pay attention to detail and you would know this already. Stop with your antics. If you don't know what's going on, then shutup and listen.