Mmt Comp. Share Discussion Threads

[thegreatgeraldo] 27/7/2015 14:36

Priceless!!!

Midwestern and Mart have jointly agreed, pursuant to the terms of a second amending agreement (the "Second Amending Agreement"), to further amend the terms of the arrangement agreement dated March 15, 2015, as amended by the amending agreement dated June 15, 2015 (the "Arrangement Agreement"), in order to facilitate completion of the Arrangement.

[thegreatgeraldo] 27/7/2015 14:28

Manana.......

[riggerbeautz] 15/6/2015 21:50

Good job there's not many Nigerian breweries cos this lot would see them under utilised! Another month ffs.

[dukedosh] 14/4/2015 19:00

...if you believe everything they news release is the truth.

[here and there] 14/4/2015 13:37

20 000 bo[d for febuary…all good

[scrambled eggmann] 01/4/2015 12:53

I had a long call with Dimitri this morning and I think things are not as bad as has been made out on IV.

They are owed quite a lot of money and that is part of the attraction.

Anyway he will mention it all on the CC today, so I will be all ears.

[dukedosh] 31/3/2015 20:55

This latest debacle has destroyed the remaining crumbs of confidence I was hanging onto here. No amount of due diligence would have seen this coming. I fear the writing is now clearly on the wall. Chances of zero seem far greater to me than 80 cents so I've spent this entire session selling my entire holdings in all mine and the family accounts and it hurts, big time, to lock in the $350k loss. To us that's no small change and it will take years for us to get back on track from this major set back.

Good riddance Mart. At least I will get to sleep this night. I hope the fleas of a thousand camels infest all the BoD and scamming b4stards concerned that have their heads in this pigs' feeding trough. Bitter? You bet I am. I hope I get the chance the look at one or more of these b4stards in the eye at some time at a future AGM in London.

Good luck to all still holding. I sincerely hope you see your 80 cents.

[riggerbeautz] 31/3/2015 14:13

Well that's one lengthy interesting update to say bye, bye Wade. Hmm.

[scrambled eggmann] 20/3/2015 10:11

So is there life in the old dog? If MMT get their pro-rata share of production revenue and pay the due amount do we even need to sell any more?

If the payments are made for the debt then I am inclined to vote no.

[dukedosh] 20/3/2015 09:56

Shell completes sale of OML 18 oil field stake in Nigeria



Now we should see how much meat is on the bones for Mart!

[scrambled eggmann] 17/3/2015 11:44

They will be having mine too. I think the Friday evening NR from a few weeks ago and the resultant brown trousers is enough to sway my shares to MW.

We only have to look at AFR to see what happenes when the screw tightens. MW can easily afford to pay the debt now they are getting the 100% of the cost and profit oils on the combined production of ~30,000 BOPD with the pipeline thrown in.

So I think it is almost a done deal and will maybe add more closer to the vote.

[riggerbeautz] 16/3/2015 17:38

They will mine IF the opportunity presents, I'm not bitter about Mart it's made me money, just bitterly disappointed as with these assets it should have been so much more; that's why I'd invest in any company that puts them on the market.

All ifs and maybes, along with a 3 month wait, another small consolation for me, would be another few chunks can be spread around the family ISA pots before it goes through. Here's hoping on that.

[sg31] 16/3/2015 17:10

They won't be getting any of my money.

[dukedosh] 16/3/2015 16:21

MW to list on AIM is my bet.

[riggerbeautz] 16/3/2015 15:45

Other opportunities will no doubt be the same assets relisted under a different name I'd wager.

[here and there] 16/3/2015 15:09

buy more now and make 27% in 3 months….

[dukedosh] 16/3/2015 13:51

80 cents - we've been robbed - game over!

AND we have to wait until June for our money!

This is a farking disgrace!

[here and there] 16/3/2015 13:02

All done and dusted. Vote is in the bag as well. Easy money for those that get in at the open...

[scrambled eggmann] 16/3/2015 12:34

Sold for CAD $0.80.

TBH prefer that certaintly and look for other opportunities in June, if any exist.

[dukedosh] 06/3/2015 14:59

January ops update looks ok to me, thanks to 2 pipelines. Now if only we can get 2015 debt repayments re-scheduled, we might be back at the races!

[riggerbeautz] 02/3/2015 21:09

Yep ditto same thoughts, will wait it out and I'm going to add if it stays around here, for to me it's almost looking a done deal. Frankly if oil stays low can't see many better places for a 20% almost guaranteed bet in next 4 months.

But hey I'd be happy to be surprised again as in 08, just smaller sour tasting beer to what could have been, for all the responses put up today.

[dukedosh] 02/3/2015 20:11

That hits the nail on the head SG31.

With POO at $100+ bbl, production 30k+ bopd, OML18 development plan in the diary, CPR priced in, the share price would be the C$3-4 range. That's what i was holding on for, riding out this oil price storm. 12-24 months would have seen us smiling again, just like 2008, but no we are being robbed in broad daylight of our upside.

No one else is likely mad enough to bid against MWO+G, the Umusadege field operator. No hostile competitor could work with that! IMO the only way a 3rd party could enter this ring is to take over both MMT and MWO+G, possible but not probable IMO.