OTCPK:MAUXF - Post by User
Comment by
sgandzaon Aug 12, 2013 11:30pm
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Post# 21665560
RE:RE:Long time holder
RE:RE:Long time holderSomething being delayed from Mart Resources is hardly a major disappointment. NOTHING has ever been delivered on time with this company. Sad, yes. Surprising - no. If you can't handle that with this stock Zeus - then you should sell and leave - becuase I would be willing to bet the farm that this will not be the last time something is delayed 6 months or more.
But there is good news in this NR as well. They are getting 4500 barrels/day more capacity - that puts them in the 17-18000 range. Which is apparently what they are currently capable of delivering. Also they have chosen the new rig - that means the "lenders" have enough faith in this company to allow them to draw down on the line of credit. That seems like a big vote of confidence by a group of financiers who certainly know more about the financial strength of this company than you or I do.
As for the happy to hold through the ups and downs - you only lose your capital when you sell, which is what you've done. When I sell, i am confident that this stock will be worth more than the 2.30's highs we've seen.