Mmt Comp. Share Discussion Threads

[thegreatgeraldo] 16/4/2013 00:06

Still plugging the holes in the pipeline with chewing gum...

[dukedosh] 15/4/2013 16:46

Wade is presenting in HK next week. He usually includes good news. Upside reward outweighs downside risk imo.

[riggerbeautz] 15/4/2013 16:10

Tempted, just seeing where we settle, let's face it, this n.r has been well on the cards.

[dukedosh] 15/4/2013 15:42

Reinvested the divi. I pulled the trigger at $1.49.

[riggerbeautz] 09/4/2013 21:13

Like that close, recovering a bit of lost ground. Hope Wade has some good pipeline news at the AGM to offset probably bad 1st Qtr figures.

Be good if we can creep a little higher and stay at least in a 1.70/80's base range.

[turborock] 09/4/2013 16:55

I like that target

[dukedosh] 09/4/2013 16:28

New Cormark note today (in a nutshell):
Recommendation Top Pick.
Target Price $2.75.
Kwale-Akri Repairs Expected By Next Week;
Umugini Tie-in Line Expected In H2/13.

[riggerbeautz] 08/4/2013 15:57

Added another 10c trade to the kitty. Beginning to get the hang of this trading lark lol

[thegreatgeraldo] 05/4/2013 16:25

Looking like next week?

[riggerbeautz] 02/4/2013 17:38

Hearing next TGG, but what is a week in Nigerian time? :)

Anyway looks like a bit of a herd panic, doubled a trading batch on this drop, got more at 1.52 and 1.53.

[sg31] 02/4/2013 17:07

It looks like a buying opportunity.

[thegreatgeraldo] 02/4/2013 16:57

Pipeline won't be fixed this week then.....

[riggerbeautz] 02/4/2013 15:49

Couldn't resist on this drop, see if can make a few cents more.

[riggerbeautz] 30/3/2013 10:39

Nice little jump there Duke, only watched since TGG mentioned it some time back.

Yes love the MMT rinse repeat myself, 4c here, 5c divvy from core hold there, all stacks up.

Message from our cheerleaders (bit like message from our sponsors lol)

TER: Another Nigerian play that you talked about last time was Mart Resources Inc. (MMT:TSX.V). It has restarted production there and has some other things going on. What's happening with it now?

"Brent price has shown strength and averaged over $110/bbl in 2013."
AH: Mart lost about 50 days of production in Q4/12 and about 40 days in this quarter. For any oil and gas company, not being able to produce from its single asset for such a long time is bad news. However, Mart has enough cash to pay dividends and complete its 2013 development program, which is going on full swing. It recently shared some news about its 10th well, UMU-10. It also plans to drill three or four wells during the rest of 2013 so that by the time the alternative pipeline is ready, there should be enough production to take advantage of the extra pipeline capacity. So far, things seem to be going well on the development front.

TER: What do you see for upside on the company at this point?

AH: One is higher production from the current field. Second, there's the plan to drill an exploration well either on the eastern or the western flank of the current field. If it makes a discovery, that would be very encouraging. Third, with increased production, Mart would have a large cash position, which it can use to acquire new assets. We keep hearing about the next marginal field bid round in Nigeria. Mart would be in a good position to take advantage of a new bid round.



Chen Lin, What is Chen Buying? What is Chen Selling? (3/26/13) "Mart Resources Inc.'s pipeline is not a major issue to me. . .I said many times before, the best time to buy Mart shares in the past years has always been in time of pipeline 'crisis.' This morning, the company announced it is getting a $100M loan to accelerate the field development. I like the idea to have as much capacity as possible so when the new pipeline is built, the company will be able to get a huge production jump as well as cash flow jump. . .Mart has been one of the top three performers on my watch list in the past 2–3 years."

[dukedosh] 28/3/2013 21:28

I'm in for the long game so I'm reinvesting my divi's here. I love this "rinse and repeat" action. It's a real yield builder.

Happy Easter.

I'm celebrating CEN NR with a glass of creme de menth.

[riggerbeautz] 28/3/2013 21:17

Managed to gain 4c on them, hardly worth it, but suppose it all counts.

[turborock] 26/3/2013 08:53

thinking of topping up myself at this rate

[riggerbeautz] 25/3/2013 16:59

May be wrong, but tried another trading batch, first add for a long time.

[turborock] 21/3/2013 12:16

well, if it's below 2 now, it means you can all celebrate again when it goes above it :)

[dukedosh] 21/3/2013 08:35

I've also put the Dom Pom back in the fridge for a few weeks.

[riggerbeautz] 21/3/2013 07:12

Shame the short term share price wasn't

[dukedosh] 12/3/2013 14:00

Great news. The divi is safe.

[riggerbeautz] 11/3/2013 17:58

Fair enough, will give it some consideration, do feel like I have too much on the sidelines and currency volatility not helping my mindset.

Hindsight yes, got that t-shirt a few times.

[scrambled eggmann] 11/3/2013 15:59

Rigger - Never left the game, just don't post much anymore and apart from a loss on one stock done well again over the last year. Obviously staying in Mart would have been better but hindsight is always a wonderful thing.

Mart promote themselves as having a pre tax 2P NPV of $2.62 but if you do the same calculation on HOIL you get a post tax 2P NPV of 5 quid a share for their Nigerian license ( 2P NPV discounted 10% is $2162 Million / 256 million shares = $8.44 a share). I think it shows what a good deal they got from Shell and if they get the Ugandan money back then it will be even more solid.

The usual risk discounts etc that we know of apply. Having been in Mart for 4 years we know all the risks of Nigeria, but once HOILs production catches up to their forecasts, I reckon 5-10 bagger on HOIL whereas Mart may be 2 at the most.

Also the fact the infrastructure is already there makes it even more solid, the capex will go to upgrading the existing facilities rather than build from scratch.

I am staying in HOIL for a while and feel it is one of those stocks like Mart at 10c, 20c, 30c etc that the market just does not know how to price.