Post by
vwdriver21 on Feb 24, 2015 3:51pm
Overblown Again
The market is on pins and needles everywhere and tries to midigate risk usually overreacting , which is ironic looking at the ridiculous mulpiples on some of the techs, social medias and bio-techs as of late. Mart has problems yes, but it has the goods in the ground, and obviously someone sees an opportunity by making an offer, and they are not making the investment to make a retun of 20%.
We shall see how this plays out, but i feel there is more value here then 54 cents.....29,000 BOEPD per day is a pretty impressive number for a junior..
Only thing i have been trying to determine, is what is Marts total debt?
Lets not forget it was a number of years ago the stock was 6 cents, supposedly going bankrupt, and got an offer for 14 cents, (which they refused).
Im holding! (and waiting pateniently)
Comment by
gibbonsj on Feb 24, 2015 3:55pm
I'm thinking of buying when sp hits bottom and I know what the debt picture looks like. Like you say MMT has goods in the ground.