OTCPK:MAUXF - Post by User
Post by
Sugoioion Jul 18, 2012 10:17am
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Post# 20125378
Peter Hodson
Peter Hodson This will be the only post I cut from 5i Research. Question and answer to another subscriber, wanted to share.
Question: RE: MMT, can you give a brief synopsis, price target etc
5i Research Answer: We are still doing work on it, but it looks most interesting. Good production, good growth expected, high impact areas.
Of their production was not in Nigeria, this stock would likely be $5. With the company determined to attract attention with the new dividend policy, it is now getting more interesting. Cormark recently became the first Bay Street shop to cover it. Revenue has been growing nicely, and its cash flow was
.16 per share in the first quarter. Simply annualizing that and it is clear it is a very cheap company. But we expect to also have rapid growth. It also showed $38 million in cash and no debt as of the last report.
All in all, there is a lot to like here, and we think it will be a strong performer. We will likely cover it later this year.