Mart Resources Inc MAUXF

RE: Follow Up

[scramblin8man]

From an earlier post of mine

"The only buyout that I see is from Marts partners so Nigeria has no factor - as to buyouts from other parties I do not see it happening because of the partnership with the 2 Nigerian companies. Now I suppose it is possible that a buyout could come from other Nigerian interests that have the blessing of Marts Partners. At the end of the day I do not think a buyout would be in the best interest of the shareholders as any buyout at this point would be too low based on the prolific nature of this field."

If you go to Midwesterns site - one of our partners - it clearly states  that a prime objective of theirs is to take over the operation of the field. The only way to gain some insight into how they would replace Mart would be to get a copy of the agreement Mart has with their partners. I cannot find the agreement or any reference to the terms of the agreement. It would be nice if someone on this blog has seen the agreement to post the terms. If you go to Marts site and look at the corporate structure you will see an entity called MURL. The agreement would likely be between this entity and the 2 partners. I would think the best insight we could get into our investment with Mart is to see this agreement or have knowledge of the terms of a potential buyout from our partners. We have the oil - at this point the thing that matters by far the most is this agreement. 

Your comments re the dividend are spot on. The only way we will see the value in mart realised in this market is through a monthly dividend. The world has changed but most companies and too many investors are still in the old world. The good thing is Mart is in a position to pay a significant dividend.

Given the delay in last months production numbers and news re umu 10 I expect management is preoccupied with bigger issues. The behaviour in the share price yesterday was interesting as well. I expect we will have news shortly.