Mart Resources Inc MAUXF

NAV

[jd43xl]

I hope someone can make some sense of the NAV calculation. According to Mart's latest financial report, it appears that the net of assets minus liabilities is only about $80 million, or about 22 cents/share. With the dividend cut, I have to wonder why it trades as high as it does.

[Whitehell]

the Nav calculation has nothing to do with assets and liabilities. I think you might want to go take another look at their lastest reserve report... and for your information, the NAV for reserve booked (after tax) as at december 31th, 2013 is as follow : discounted at                   0 %  &

[jd43xl]

Uhhh, you kindof forgot about the debt and other liabilities. The NAV is not just made up of assets.

[Whitehell]

My point was ; You said the following : I hope someone can make some sense of the NAV calculation. According to Mart's latest financial report, it appears that the net of assets minus liabilities is only about $80 million, or about 22 cents/share. Read more at https://www.stockhouse.com/companies/bullboard/t.mmt/mart-resources-inc#ikggkx3cTBtH0M3z.99 you were asking why

[jd43xl]

If you can estimate what the future cash flow might look like, considering the uncertain history of that cash flow, you are much better with a calculator than I. My biggest concern is if Mart's partners could ever cancel their agreement, and shareholders would be left with nothing. As no one seems to have ever seen that agreement, we don't know what is in it, or what any termination

[TSXVNEWS]

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[Whitehell]

I was talking about the NAV calculate by the Auditors for the reserve report. anyway, i'm out, this conversation is going nowhere....