Post by
zeus55 on Sep 20, 2013 8:29am
More good news
Heard a rumor that they have routed around that last 5 km of pipeline right of way and are laying pipe as we speak. Not sure of the status of the second leg, but would assume it will start soo, if not already underway. That second leg should go smoothly, as they are simply following an existing pipeline. We may get-er-done yet!
Comment by
elaine0356 on Sep 20, 2013 8:54am
This would be a significant event IMO, since many of the risks for MMT are related to the pipeline. Can you tell us where the rumor comes from ?
Comment by
zeus55 on Sep 20, 2013 9:02am
Someone who claims to have contacts in Nigeria. No idea how dependable. We need an update from Mart itself, and asap.
Comment by
elaine0356 on Sep 20, 2013 9:19am
"...We need an update from Mart itself, and asap...." I could not agree more.....especially after the "rock and roll" week they caused us.
Comment by
gibbonsj on Sep 20, 2013 9:29am
MMT didn't causes the r&r we did and I thank you.
Comment by
elaine0356 on Sep 20, 2013 9:42am
You are right, I should clarify my comment: MMT caused me a r&r week since I have many shares in my portfolio....whatever the reasons for the sp drop.
Comment by
gibbonsj on Sep 20, 2013 9:53am
The thing is Elain, MMT's is as everyone knows based in Nigeria, that is what makes it so volitile and why investors make such good returns buying and selling on the dips and bounces. Save for the pipeline losses the fundementals are very very good. There are two significant NR's coming that may well be timed for the move to the TSX. If so expect a big pop. Good luck.