OTCPK:MAUXF - Post by User
Post by
vwdriver21on Feb 24, 2015 3:51pm
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Post# 23460389
Overblown Again
Overblown AgainThe market is on pins and needles everywhere and tries to midigate risk usually overreacting , which is ironic looking at the ridiculous mulpiples on some of the techs, social medias and bio-techs as of late. Mart has problems yes, but it has the goods in the ground, and obviously someone sees an opportunity by making an offer, and they are not making the investment to make a retun of 20%.
We shall see how this plays out, but i feel there is more value here then 54 cents.....29,000 BOEPD per day is a pretty impressive number for a junior..
Only thing i have been trying to determine, is what is Marts total debt?
Lets not forget it was a number of years ago the stock was 6 cents, supposedly going bankrupt, and got an offer for 14 cents, (which they refused).
Im holding! (and waiting pateniently)