Mart Resources Inc MAUXF

RE:RE:RE:RE:Good start this morning

[5wood]

Gibbons, the cost of the equity issue, if dividends are included, would be equal to or higher than the LOC. I would think that even if the dividends were stopped or reduced for a period of time (if we are successful in obtaining one of the leases) Mart would reinstate the dividends at some point. The increased number of shares issued would generate a large dividend payable on these additional shares issued from the company (currently the yield is approx. 14% and would be less with the increased share price reflecting a successful acquisition). I expect that Dimitri has other lower cost options and that the LOC will not be the final solution. 5wood