OTCPK:MAUXF - Post by User
Comment by
rxdocon Mar 26, 2013 4:00pm
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Post# 21170604
RE: rxdoc - please verify your estimates publicaly
RE: rxdoc - please verify your estimates publicaly I am not sure what you want from me...I sent you a PM with my thinking...and stated that I did not want to waste others time...since I was wrong. But here goes.... I felt that the oil owed (approx 3 months worth at about 13MM x 3=39MM)...which is about 24% of 162MM (proj annual flow from ops). In December they were trading at about 1.90+/share. So a 24% drop from share price would be about 1.50. I trade on MAUXF and it opened around 1.58/share....so I don't think I was out of line expecting it to go lower. However, the market didn't think the same way as I did and the stock did a head-fake back upward. I missed my opportunity to add to my shares at 1.58...and instead had to settle at 1.63. Hope that answers your question.