OTCPK:MAUXF - Post by User
Comment by
JustforFun7on Jul 09, 2012 1:05pm
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Post# 20095022
RE: The day after
RE: The day after first off you should be asking about the right date. Holders on record of July 23. which means you need to have bought by end of day July 18th since it takes 3 days for settlement.
The share price should rise a bit till then. 1.75 was what Wade was looking for. I believe that is after the dividends start kicking in on a regular basis but before any more increases in production or the price of oil rises signfiicantly.
There will be some people who will sell after that 10 cent divy is paid but the next is in September which is not far away so I amnot expecting much of an exodus. As well many of the new shareholders are looking to buy and hold a high dividend stock so the recent buyers will probably not be selling much.
I will continue to hold the majority of my shares for the safe high divy. With the pipeline work underway and UMU10 being drilled...I see another double in the next year or so (baring a market collapse) so I will continue to be patient. Being patient this year has been the best thing for me to do and has been very very rewarding.
JFF7