Mart Resources Inc MAUXF

stockpeeker

[zeus55]

All of your points are valid, with the added worry of the potential for another shutdown of the AGIP pipeline always hanging over our heads.
But with every passing day that we stay on production, we build some cash reserves to weather any possible surprises.

There was some interesting volume towards the close today, and a couple of decent-sized buys that cut down that big pile of sell orders at $1.48. So that is good to see.

But there is no doubt investors will be cautious, the very nice dividend countered by production risk until the Umugini pipeline is on stream. And although everyone expects all of the news wells to be boomers, nothing is guaranteed. If we do get good results from the stepout wells, that would be a very positive development.

The main thing for me is finally being able to get a handle of their tax status going forward. It remains complicated and still a bit fuzzy, but clear enough that I believe that Mart would be in very solid financial shape if they can deliver on all of their guidance.

While I will most likely still be tempted to trade MMT to lower my cost base, as that has been extremely profitable so far, I would be just as happy to sit on my shares, collect the dividend, and see what they can accomplish over the next 6 months.