OTCPK:MAUXF - Post by User
Post by
jmcoilon Aug 10, 2011 12:01pm
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Post# 18926447
Bonny Light 106
Bonny Light 106The pipeline issue is very frustrating and has probably cost us 20 to 30 cents in sp.
But you can't rush into a bad deal. I have no idea what a reasonable rate would be as we have no clue what the [pipeline losses really are. We have to trust management to get the best deal possible. I know whith Wade that trust is difficult but at least with 65 cent options he has motivation. In the mean time unless something has changed we are still netting over 4000 bareels a day at the price of 106.
Perhaps oullins could update his cashflow figures just to remind us that we are still making real money.
A deal will be made. Hopefully more progress today. I am trying to take Joelou's advice and have patience.
I'm not sure who is seling or was selling but unfortunately I wasn't thsat smart but I still think within a year we will be producing much higher and some of this chaos will have settled down and our share price will be at all time highs.
Cheers