OTCPK:MAUXF - Post by User
Comment by
vestor111on Jun 18, 2014 7:40am
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Post# 22669726
RE:RE:RE:Yeah pete
RE:RE:RE:Yeah peteI hear you. I thought it would have made more sense for the company to support this div but warn of the potential due to the financial dealings regarding the purchase of the Shell lease. In this warning, they could have stated their objective to support the div (and blah, blah). They way they handled it has cold- co cked the market.
This way they could have also bridged to the pipeline completion so investors could get a better sense of the potential revs to backstop the financing and the potential of re-support of the div.
Poor communication and poor timing. I hope Wade 'plains things clearly.
While i'm venting... Why the H E L L couldn't they have estimated a time frame for commissioning completion? Even if just a range? Or a reasonable expectation? Is it 2 weeks? 4? 8? Or, because each section is pre-tested before burial, a week? This estimate could be done independent of the laundry list of steps ahead.
I hope someone holds Wades feet to the fire at the AGM on the pipeline - as well as estimates on anticipated flow rates at commissioning +one month, +three months and +six months. (And UGIP flow rates - which hopefully will decline to near ZERO to keep the crooks from OUR oil.)
BUT TO BE HONEST - WE SHOULDN'T HAVE TO ASK!!! Not if they gave a rat's...
a$S about the shareholders. (I will be calling the company to express my concerns - to "encourage them" to tells a tad more than they have... .)