Mart Resources Inc MAUXF

RE:RE:Dead money

[zeus55]

Yes, I still think MMT is pretty much dead money until they prove they can get something accomplished. And with the capex they are now spending, plus the dividend and the payback of the nominated oil deficit, Q3's numbers may not be pretty.
But I bought back into MMT because I think the dividend should be safe, as long as AGIP's pipeline doesn't shut down again for months. And there is the hope that once the new pipeline and wells are on-stream, Mart can start generating free cash flow once again, which should then provide for share price appreciation.
Until then, investors will demand a healthy premium in the form of a high dividend. So I don't expect much from the share price until they increase production.
I am happy collecting the dividend, and am willing to give Mart the time to get the new pipeline finished.
Don't forget that on a fundamental basis, MMT is not a cheap stock, it trades on its dividend yield.
You won't hear those kind of comments from too many shareholders, as they are too busy looking after their own interests. Some may wonder why I would post comments that seem contrary to my own financial well-being. Well, it is called honesty. And besides, I don't believe anything posted on these boards has that much effect in the big picture. So what is the point of trying to mislead people? The truth always comes out in the end.

As far as DCK goes, they are drilling another high-impact well right now, and should have results out sometime in Sept. You will likely see some action there at that time. I see no reason why the well won't be a good one, but nothing is guaranteed. I still hold my core position.

Back to Mart, lets keep the oil flowing, and the rest will come in time.
GLTA