Post by
zeus55 on Aug 13, 2013 12:04am
sganza
Just a few notes.
The acquisition of the second rig does not show faith by the bank. That was shown when the bank gave the loan the ok, and allowed Mart to continue to pay the dividend. And I noted that when it happened.
I agree that the increased delivery capacity on the AGIP pipeline is great news, and will undoubtedly strengthen Mart's financial position. But we don't know when that is going to happen. We have no idea whatsoever. maybe someone does, but they aren't sharing that info here.
If we get the extra production soon, it will make a big difference.
But if we don't get it until the Umugini pipeline is done, or almost done, it will make little difference.
As for losing capital because I sold, you lost me there, as I sold my core position in the $2.12 range. The shares I bought just before the dividend announcement were sold for a slight gain. And the share price has fallen since, so I could buy back cheaper if I wanted to.
Some think a 'paper loss' isn't a real loss. Tell that to those who bought all of their shares over $2.