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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > the divi cut to a large extent was built into sp
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Post by gibbonsj on Jun 30, 2014 4:52pm

the divi cut to a large extent was built into sp

This round may well be tied to the expiry of Shell's June 30 deadline. No news is not a good sign. While in the bidding stage the $56M deposit was refundable but since that respective nr MMT's bid was accepted and Shell subsequently imposed their June 30th deadline to prove up financing. Since the announcement that MMT’s bid was accepted there has been no update stating the deposit remains refundable even if the successful bidder fails to acquire financing.  Typically it is not unless the delay is on the sellers end.
Comment by halapeno11 on Jul 02, 2014 12:53pm
What is the source of the speculation that Shell had a June 30 deadline? And aren't these statements about the deposit speculation based on speculation?
Comment by gibbonsj on Jul 02, 2014 1:12pm
halapeno11, think whatever you want to think, fill in the blanks to suit the outcome you want. Its a free country.
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