Mart Resources Inc MAUXF

AGM

[jkdavid]

I for one am very pleased with what I heard at the AGM.  I've been a shareholder on and off for 10 years having had great upside.  The news about filing the AIF to graduate from the Venture to the TSX, the second pipeline coming along nicely, and new wells being drilled all make me happy to be overweight on this stock right now.

[kungsuki]

I wasn't able to hear it, was thee any news on the new rig purchase?  Thanks!

[5wood]

Wade said that the tender for the new rig was closing in July (I think he said early July) but he did not say where they were sourcing the rig. Later he stated that they would put the new rig to work but I was unsure of the timeline. It sounded more like they would get the rig quickly but if they are sourcing from the US or Canada quickly will not be the right word as it would take 6 plus weeks to

[kungsuki]

I wasn't able to hear it, was there any news on the new rig purchase?  Thanks!

[jkdavid]

I didn't hear anything about that.  I was also on the phone and the audience questions were inaudible.

[kungsuki]

Okay, thanks and thanks for the update!  I think Mart is well positioned for the future and being a long time share holder as well, I hope they continue to build this company into a force in Nigeria.  Good luck to you! suki

[kungsuki]

Thanks 5wood!  It all takes time!  We have waited this long and this is a small part of their success.   suki

[young_spanky]

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[jkdavid]

Agreed, the second pipeline should enable an increased dividend at some time.  I'd rather that than share buy backs given the # of shares out and the cash it would take to substantially reduce it.

[kungsuki]

I must say I am somewhat surpirsed at the lack of a sp increase the past couple days after lots of good news.  A bit disappointing but the markets have so much manipulation that who knows anymore.  Anyway we will see what happens between now and the ex-dividend date.  If I had some extra cash right now I'd be going all in.  :) suki

[JustforFun7]

just so we are all clear on this...they are leasing a rig not buying it.  I heard Houston for the source but I'm not sure if that was at the AGM or over drinks.  JFF7