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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Nigeria loses N7bn as Shell shuts Trans-Niger Pipeline
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Comment by gibbonsjon May 25, 2015 7:58pm
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Post# 23762927

RE:RE:RE:RE:Nigeria loses N7bn as Shell shuts Trans-Niger Pipeline

RE:RE:RE:RE:Nigeria loses N7bn as Shell shuts Trans-Niger PipelineMMT cannot cover their debt so vandalism, Brass storage limitation and pipeline shutdowns  only matters if the MW deal does not happen in which case things do not look very good. One of the reasons given in the Fairness decision for supporting the sale to MW  was MMT's ability to carry on without the MW purchase. That is very significant as it is telling us something of the risk which is why we're stuck at .65.
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