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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > The Long Shot
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Post by radcat on Mar 18, 2015 9:26am

The Long Shot

Suggestion:

OPEC meets June 5th and surprises the markets with a production cut with Russia's cooperation as well. Crude oil rallies over the next ten days up to Mart's June 15th meeting. Will institutional investors sell out to Midwestern at 80 cents for them to achieve a 66 2/3% yes vote or will this scenario warrant MW to up the ante? Might even be a reason to vote no and keep the status quo. It will be the institutional investors Midwestern will have to win over, and they know it. If not, then its no dice! Can anyone say with fact Nesbitt etc. will vote in favour of this schitt deal? I have yet to come across a news release stating this.

As I recall, It happened once before when we received the 14 cents stink bid from Westfield after oil plunged from $147 to $33 dollars. Westfield kept getting extensions to raise the money to buy mart but couldn't raise the funds. Meanwhile while Westfield kept getting extentions oil also had additional time and rallied to the mid $50's. Mart was then making enough to Terminate the Arrangement Agreement and pay back the $3.5 million dollars bridge loan.

I remember vividly when Billy The Kid suggested we don't need the take-over offer and now have the cashflow to pay off our then $28 million dollars debt. Shortly after that post the above occurred. Lighting may strike twice albeit a long shot.

OPEC Meetings

Here you can find details of forthcoming OPEC events. Journalists and oil industry analysts are welcome to attend these events, provided that they register in advance.

Date

Event

Venue

5 June 2015

167th (Ordinary) OPEC Meeting

Vienna, Austria

Comment by righand2 on Mar 18, 2015 10:10am
Opec will not cut, and far too many investors want to be rid of this cancer in their portfolios. Midwestern will get their money, whoever puts it up, and Mart will get sold for 80 cents. Be happy with that and buy a functioning company with the proceeds.
Comment by radcat on Mar 18, 2015 10:36am
Its a start.... OPEC pumps least oil since June as weather hits Iraq exports and output weakens in Libya Grant Smith, Bloomberg News | March 16, 2015 | Last Updated: Mar 16 10:20 AM ET More from Bloomberg News AP Photo/Manu Brabo, FileThe Organization of Petroleum Exporting Countries pumped 30.022 million barrels a day last month, about 138,000 a day less than January, according ...more  
Comment by righand2 on Mar 18, 2015 10:57am
The cuts were weather related, while " production showed increases in Saudi Arabia and Kuwait "
Comment by radcat on Mar 18, 2015 11:20am
....disrupted supplies in Iraq and output weakened in Libya and Nigeria....Libya’s output has been disrupted amid political feuding between the government and its Islamist rivals....“Crude oil output decreased mostly from Iraq, Nigeria and Libya....The Organization of Petroleum Exporting Countries pumped 30.022 million barrels a day last month, about 138,000 a day less than January.
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