OTCPK:MAUXF - Post by User
Comment by
radcaton Dec 10, 2013 12:24pm
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Post# 21990307
RE:RE:CAMAC Dividend Explained
RE:RE:CAMAC Dividend Explained5 hole minutes? Wow!
I have been in Mart since 2006, so you don't have to convince me of its future prospects. I have more Mart shares than most but not as many as the fortunate few, assuming what they proclaim is accurate.
As for CAMAC, I mentioned this one at 40 cents one year ago and at 70 cents a few months back when the drill ship was on its way as per Marine Traffic.com. Zeuss told me to go pump my KRAP elsewhere. I guess he didn't enjoy the ride to a buck40, buck64 is the current high. Interestingly, this high was achieved after they announced the financing arrangement. So it must have been the stupid people who bid the shares up to this lofty level. All I can say is I'm glad spent more than 5 minutes thinking about whether or not it is worth the risk.
CAK announced yesterday leasing a drill ship for 1 year lease with a 1 year option for year 2. In addition, CAMAC has just announced today $300 million financing (secured notes).
The good news is there is no bunkering at the bottom of the ocean. Not unless the onshore thieves have trained the fish to operate quick cut saws.