Mart Resources Inc MAUXF

Favour

[SUEME]

Wade,

If you don't mind, please dous a favour a stop setting expectations on timelines.  TD on UMU10 recently announced to be there by the middle of the month.  Here we are and no report.  Investors would rather not hear a target date setting the stage for disappointment.  

At the AGM, you told the audience the agreement was in the final stages and set expectations for contract completion at 60 days, or two months.  We are well past that timeframe without a sniff of follow-up.  

For the most part, I appreciate the growth of the company, and the dividends.  However, as an executive of a public company, managing expectations is an important function of your position.  

If you are not certain you can deliver, then simply do not set expectations.  Simple enough!

[kaisersosze]

He just can't help himself.  He's like a kid who knows he's getting a present for Xmas...he has to tell everyone about it.  Problem is, his Xmas keeps getting pushed back! :-)  I really hope the new CFO schools Wade on expectation setting!! 

[2guys]

UMU-10 is still on the issued timeline.   They said it would reach TD prior to middle of month.  Assuming they just reached TD, give them 3 to 4 days to test the open hole using wire logs to see how much oil is there and if it is deemed worthy of flowtesting.   Seeing that they are producing from similar sands, I don't see why this won't be a producer.    If this

[knife2]

we also know that news releases take a while because other approvals are required.  

[young_spanky]

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[cookster9]

This post has been removed in accordance with Community Policy

[BioBilly]

I agree. Give them the time they need to give us a great result. Who cares if the stock slips a bit. Just buy more. I'd love to see another down draft to 1.25 again. Better than a blue light special at Zellers.

[SUEME]

Setting expectations has to do with accountability and respectability.  For a company to move to the next level, these are required.  With repect to the 15th, nobody would expect a new release on a Saturday.  Therefore to exceede expectations, there should have been a release, today.  At the very least, a few words about the pipeline status.  

[tigersea]

middle of month means 8th to 24th of a month

[kaisersosze]

middle of month means 8th to 24th of a month   Sure it does, why don't we just make it easy and say it's the 1st to the 30th??