Mart Resources Inc MAUXF

I am out for now...

[sanddevil]

Well, I am out for now with a few K profit and collecting my Dividend.    Am learning on MMT, as this 'pipeline maintenance' is happening every couple of months - which I suspect coud be pipeline sabatoge or illegal taps or other damage.  Normally, one is required to do very little maintenance on an 'export pipeline' as this is the best quality crude - low water; little to no salt or sulphur, etc...     Run a smart pig every few years and monitor wall thicknesses; external inspections... and that is it.     

No doubt MMT will eventually start rising again, but too many uncertainties at the moment and stock seems to be weak after the last press release.    Government really needs to crack down on the illegal taps on these lines... I saw a program on it re: Nigeria and it is incredible - the illegal stills; small illegal refineries in the jungle; ships waiting to onload illegal crude offshore; etc...   

I am looking for ~$1.55 to $1.60 for a re-entry point, or some positive indicators on the chart.  

But for now, I sold my position today.

SD