Mart Resources Inc MAUXF

Like many others I want to add to my position.

[gibbonsj]

What do you think is holding sp back? Is it uncertainty surrounding OML18 going forward or is it the 10 year relinquishment matter, the unresolved AGIP pipeline loss dispute, bad press regarding Nigerian O&G investment or something else entirely? With the pipeline being so close at hand I would have expected MMT to be trading in the +1.75 range. We were well on our way then inexplicably pulled back at 1.66.

[Bejeezus]

Financing these endeavours onshore and off IMO

[gibbonsj]

finally intelligent unbiased discussion I had not really thought of the financing as a factor. It kind of got lost in all the other questions but when I think about it how the matter is resolved could push sp hard in either direction. The question of how a London listing will benefit MMT shareholders is a big one. I know Wade did not have a say when OML 18 availed itself but I agree with Dakota22

[Bejeezus]

Considering Dangote offered 1.5 billion it would be plausible that marts on the hook for its Market cap??? but Who knows....the spin has been spun lets see what transpires.... I still Feel they will have a go at a cheap offshore acquisition, to do what they are attempting onshore with 2 pipelines...I feel that Capital Markets would be More favourable to finance a Cheaper offshore Acquisition

[dakota22]

I think it is all of the things that you've mentioned gibbonsj Everything is so uncertain about who is going to own what and with what restrictions. At one time it was just a question of when the pipeline would be finished and how much MMT would be pumping. That sell off by Shell opened up a whole can of worms imo

[jd43xl]

Add to you position? You said you sold your shares?

[Claired]

Risk.  Or mass perception of risk.  It's trading at quite the discount,.

[gibbonsj]

is there a difference? I tend to think it's real risk. We could get pulverised if MMT shareholders get the short stick on OML 18.