OTCPK:MAUXF - Post by User
Post by
themangokidon Aug 29, 2012 10:20am
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Post# 20273722
reminds me of the line from..
reminds me of the line from.. ...The Untouchables.
Thats the Nigerian way!
Anyway, not passing any moral judgements on anyone living in that part of the world. However, I think these are the type of hiccups that can be expected when you operate in Nigeria. Hopefully, they are more short term issues and will become less and less frequent and mart grows. this is of course assuming they will have the opportunity to grow and not have the carpet pulled out from underneath them.
not justifying or saying the the 18% loss of oil was expected but you gotta think risk/reward then buying more than you maybe should near the top of an emerging oil play in nigeria. Its different when you let a little bit ride that you bought at 20 cents. its another story entirely when you dump in the mortgage money at 1.77 yesterday hoping for 3.00 tomorrow.