Mart Resources Inc MAUXF

Why Mart will sell for 80 cents

[righand2]

The number one reason that Midwestern's buyout of Mart will succeed is that Wade stands to make over $3.5 million dollars from the sale of shares and the exercise of options. This is a done deal.

[bullmarkets]

If this was a done deal- stock would be trading a lot higher than .52 cents. 200 million in debt and a 50 million tax obligation.. Cash flow at current prices are going to suck.. looks like they are getting squezzed by the banks as there is no more room on the credit facility.. should be interesting anyway.....

[righand2]

Considering most of the debt is for the purchase of OML 18 and for initial development capex, and most of the rest is money owed to Mart by Midwestern, in reality it is just a number used by the bashers, or those who don't know what they are talking about. Mart was put in this financial position for a reason, and that reason is to force it into this sales process. That is why it will get done,

[mouserman]

Mart should start seeing some return from that 134 million $ investment into the producing field at OML 18.  I dont think cash flow is going to be as bad as some are suggesting. It was bad timing for MMT , investing in OML 18 just as oil prices were dropping. Most didnt expect it to go this low, but some astute hedging would have guaranted a profit margin . The CEO and BOD dropped the ball

[righand2]

A lot of production from OML 18 is hedged. If you are referring to Umusadege oil being unhedged, that is the responsibility of Midwestern, not Mart. Get your facts straight.

[LAMBO]

oil moving back up

[glory7]

If you ever get your .80 cents be prepared to go through the ringer and then out to dry, the whole co. is nothing but a sham, follow the leader.

[sirmevl]

Why do you say it's a sham . Could you back it up with fact of some kind ?