Mart Resources Inc MAUXF

RE: Expert Commentary from another board

[mjh9413]

That is about it: it washes but the changes in cash commitments which are recouped in later qtrs do distort cash flows, as does the likes of non-cash depreciation in each qtr, eg oil&gas property depn. was $24MM in one qtr and $8MM this Mar qtr end.Changes in restricted cash also distort comparative numbers. Still, as stated before I cannot see that the proposed dividends are not sustainable: I believe they are. I also like the fact that this Board decision preceded UMU-10 and and so I have to believe that we should not have any negative news from this. It was alos announced when the trend in Brent-related prices were negative, which gives me even more faith that the div was fully considered.