Mart Resources Inc MAUXF

Risk/DD

[Vanboarder]

Having been in MMT for awhile I find it quite surprizing to see people here stating how they're out because they didn't understand the risk? Did these people not even do the very basics of DD by (at the very least)reading the news releases and M&A, etc. posted on Sedar???

I think we all got sideswiped a bit by the oil bunkering at 18% this quarter but there is a reason MMT's SP is discounted to say a company operating in Alberta folks. As others have stated the bunkering is a known item and we have even budgeted for it.

Others here seem shocked of the pipeline constraints and that the Shell line won't be operational until around the end of 2013 or so. Once again, did you no DD at all?

The bunkering and the pipeline constraint are known items by anybody even doing basic DD and if you didn't then you didn't know the risks going in and shouldn't have invested.

 

JMHO,

Van

 

 

 

JMHO

[paljoey]

Most dont do hard DD. The dividend made them too confident.   Did they not know that Mart has 26.5 million options at an average of .55. This is a tremendous overhang on the share price. Also, Mart over promoted the timing of the Shell pipeline . Its unlikley that this will be finalzied until late 2012 which means that it wont be completed until mid-2014.