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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > Stop borrowing.
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Post by peppion on Jun 05, 2014 8:20pm

Stop borrowing.

I just wish they would stop borrowing to build the company. There is too many outstanding shares and further dilution would hurt future stock prices. They should be spending money checking the pipeline for losses. I have not heard much about management doing anything to prevent the losses.
Comment by gibbonsj on Jun 05, 2014 9:12pm
I know what you mean its not a long pipeline by Canadian standards and for what's been paid in divi's we could have leased our own copters and patrolled the lines daily. Revenue lost from pipeline losses alone would have added substantially to sp. The real reason behind the losses must have more to do with corruption which is a much harder bleed to stop. This is why I'm so ...more  
Comment by Bejeezus on Jun 06, 2014 12:51pm
Interesting comments Gibster....
Comment by Bejeezus on Jun 06, 2014 12:53pm
HmmmThats interesting I can post on this board but Stockhouse won't let me post on Mira Resources MRP today...I was trying to let the mrp Board if anyone had any reasons for the big spike in Bids on Mira today...keep the good mojo coming on Mart gibby!!!
Comment by freedom-1970 on Jun 05, 2014 9:28pm
Share structure can be fixed, do a buyback. Pipeline loses? U think it's local's stealing that much oil? I Don't think so, Pipeline completion a year late why? 5 km at a price of over 20 million extra? Sure wasn't for pipe? Wade has done a great job for the country we operate in. This is high risk, high reward stock, Always bonds and Gic's for losing to inflation..
Comment by gibbonsj on Jun 06, 2014 10:23am
easier to stop locals than political corruption.  That's the concern.
Comment by gibbonsj on Jun 06, 2014 11:52am
/www.stockhouse.com/members/freedom-1970"" rel="noindex nofollow" target="_blank">freedom-1970 let's hope you're wrong about the the $5M for the last 5km. If MMT has been involved in anything untoward it will come out in the OML 18 investigation and application for operatorship. The ad hoc committee is looking for reasons to take over marginals ...more  
Comment by freedom-1970 on Jun 06, 2014 1:38pm
Come on GIbby, this is the real world  and I just express my thoughts. Mart owns 15 percent of the line, they are going along for the ride, line loses drop 10 percent when the goverment steps in.  Then they are backed up that month at the terminal cause they don't have a tanker? Wonder why? But two tankers leave empty..... Hmm.. Hope to meet some of u in Calgary
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