Mart Resources Inc MAUXF

badog

[zeus55]

Any Canadian producer paying a dividend is crucified if it isn't funding their dividend from cash flow.

And yet you crow about Mart paying a 13% dividend that will be paid for with a loan?

We all know the share price has fallen from grace because of concern over the sustainability of the dividend.

If there was no concern, MMT would be trading at $2.

[zeus55]

If there was no concern, MMT would be trading at $2, or higher.

[billythekidd]

Mart has made 4 dividend payments since Mid 2012 for a total of 25 cents @ share which translates in about 85 million dollars paid out to shareholders with not one cent coming from a loan.  This Company has been a Cash Cow for the last 9 Months.....Yes we have had pipeline issues with about 75 down days since December 1 / 2012 but that problem has been fixed for now with measures in place to

[zeus55]

" 85 million dollars paid out to shareholders with not one cent coming from a loan"   Except their working capital decreased from a positive $37 million in Q3 to a negative $6 million at year end. Where did that money go? The simple truth is that if Mart didn't have to pay a dividend, they would not have had to take out that $100 loan. Simple fact.

[badog222]

Billy.... I agree.   Cash Cow in the making.    Looking forward to it. Badog

[young_spanky]

This post has been removed in accordance with Community Policy