Mart Resources Inc MAUXF

Testing the 200 day average a second time

[bankerboy28]

likely to  go back to at least the $1.50 mark and then $1.40....country risk is very high and the dividend payout is way to high for their current fundamentals...low price target is actually $1.45 and median is only $2.23....not enough upside for now to warrant the risk taken on by getting in now....everyone thats in now just sees the dividend and expects the share price to keep going up ....the country risk has to be taken into consideration and the managment ability to execute and keep production up......maybe worth a speculative buy but not interested at the present price....if it gets back to $1.40 or so then maybe worth a spec buy...we will just have to see what plays out....BB28

[brchad]

Sorry..... but your "analysis" is just so much hot air.  Looks like typical FUD stuff to me.  You've totally ignored any historical criteria.... in this case.... totally predictable.  Take a look at the historical prices (below) and then ask yourself if VOLUME prior to and after the $.05 dividend  might be a factor to consider!!! Prices Date Open

[bankerboy28]

The answer is NO..........its selling off due to other factors like...investors are starting to realize that there is risk with such a high dividend ( the market is telling you its going down) and risk in the country of operation and risk in execution of the plan on production....investors see the high dividend and the upward price movement and think it will go on for ever...trees do not grow to

[goldennugget24]

Check out the 2 yr. chart, look at the ex-dividend dates and see if you see a pattern.   https://finance.yahoo.com/echarts?s=MMT.V+Interactive#symbol=mmt.v;range=2y;compare=;indicator=dividend+volume+rsi;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

[hairinc]

Tend to agree... Borrowed money to pay the divy, as well?  Cash flow interrupted?

[sgandza]

This one is different than the other sell offs after the exdivy date. At these prices the market thinks (right or wrong, I don't know) that the dividend is not sustainable. But I, like others, am hoping the price stays down until the divy is paid, as I will be picking up more shares as well.