Mart Resources Inc MAUXF

new dividend ???

[jd43xl]

If we assume that Mart and their partners can get to 30,000 boed once Umugini is operational, what would the situation look like?
If we base it simply on Mart's 50% share, as anything above that is simply to pay back money Mart has spent on drilling, we would have 15,000 boed. At a $65 netback ($100 brent) and moderate theft rates of 8.5%, we would get an annual gross return of $320 million. Subtract estimated production costs of $50 million, G&A $20 million, taxes of $40 million (rates go up as production increases), and corporate expenses of $10 million, we end up with $200 million, or 55 cents/share.
So surely, they could afford to bring back the 20 cent dividend, as they could use the other $126 million/annum to finance any possible new acquisition.

[wynner]

Maybe next year. This year we should see $4 and a good QTR. Lets go Marters

[jd43xl]

MMT is not going to $4 by the end of 2014, so why post something so stupid? But with the possibility of reinstating the old dividend, $2+ is definitely doable. That is good enough for now.

[wynner]

There is JUST as much chance of getting to $4 bucks as getting Wade to retract his statement of raising the dividend  WHEN they are in full flow next year ...Maybe early next year if we are lucky. I may be crazy but at least I am sure.I will admit to having done a few stupid things in my youth.

[jd43xl]

So you are saying there is no chance of getting to $4?

[wynner]

I'm saying a 20 cent divi at $4 is 5% .......That is more likely .$2 then $4 sorry Captain Obvious.

[jd43xl]

I don't know about anyone else, but that makes ZERO sense to me. Try speaking English?

[wynner]

I guess going up the mountain didn't make you wiser........still just a wiseguy. Ihave more but not better... Yoda