Mmt Comp. Share Discussion Threads

[riggerbeautz] 12/11/2013 16:04

Then again!

Got to wait for the jam it seems, pretty drab N.R afraid.

[riggerbeautz] 15/10/2013 15:03

Or put another way, a highly inventive regional tax system ;)

However, UMU 11 drill news likely to come out with October production figs, so any improvement in 23% loss, along with good news and we could be rolling in the deeps.

Looking for a little boost now bad news out, bit of momentum gain entering Nov, nice N.R mid Nov, followed by pipeline restart early Dec and divi announcement. Should see a bit more to the upside next few months!

[thegreatgeraldo] 15/10/2013 14:46

Unreal!! Those figures we gave you for January - we need to take off another 31,808 bbls (local mafia in a rush to bring up the million bbls for the year!)

[dukedosh] 14/10/2013 20:17

MAUXF going well $1.13 Up 0.08 (7.21%) on above average volume.

Positive pipe line news coming?

[dukedosh] 11/10/2013 20:20

With you all the way RB. I'm mopping these up and well loaded myself. 2 bucks will be life changing.

Some timely posts on iv. Not influenced by it myself as i acted on this drop long before the cavelry arrived.

Good weekend and good luck.

DD

[riggerbeautz] 11/10/2013 17:35

Just read I.V, cheerleaders back and we go blue lol Maybe I got it right this time from the chief rumour snippets.

We get back to $2 i'm going to be more than ruddy ecstatic 2nd time round, let alone any predictions higher!!! C'mon you biatch, time for a rise :)

[riggerbeautz] 11/10/2013 16:39

Loaded up to the gunnels now, this just seems too good a opportunity.

Edit: Stunned to believe I've got 1.01 buys, sure shows what a dicey game Nigerian oil is, since this stock would be way above these levels anywhere in the tame "west". Discount comes with high risk, but 2nd pipeline and extra reserves really ought to obliterate these levels!

[dukedosh] 10/10/2013 21:03

We live in hope!

[riggerbeautz] 10/10/2013 16:17

Good for you, I got 1.06 in 2 accounts. B.t.w there is absolutely no way in the world the divi will stick at 20%, which is another reason I think it will recover higher, rather than be cut personally.

Manipulation? Most probable, unless insiders dumping on yet unknown news, but again I think the former.

[dukedosh] 10/10/2013 16:10

I agree RB.

As I said on iv: "As usual the MMs positioned the market well here. As usual, they sucked in the re-invested divi money and dropped the share price shortly after. For the last 3 or so divis, this has happened. Easy money, check it out!

My trading platform was slow so I missed the C$1.00 but picked up quite a few of these at C$1.04.

Nice business nonetheless, thanks chaps."

UMU-11 results and the new pipeline would send this share price back up to 2 bucks in short order. In the meantime this divi is yielding near 20% whilst we wait.

[riggerbeautz] 10/10/2013 16:02

Hmm maybe my last lot wasn't so well timed, but gone in for more. This is either a bargain on pipeline or UMU 11 good news or some untold disaster waiting to be announced.

Personally think the former and just matter of time for anyone at these levels, but we'll see.

[riggerbeautz] 20/9/2013 16:44

Ok, one thing you will find here with Wade he tends to be shall we say, over optimistic on timelines. Think originally we were going to be done and dusted this quarter.

So if you come on board, remember Nigerian pace is similar to "Caribbean time". what Mart does have is exceptional acreage, the drill just keeps finding oil.

[uncle john] 20/9/2013 16:36

As I recall most of the work is expected to come in on time, before end of year.. Something about a water disposal well.
check the link below. Some of the slides need careful reading.

[riggerbeautz] 20/9/2013 16:36

Thanks for responding to the request Uncle John, good luck with Falcon.

Would echo Dukes question, was there any elaboration on timelines for the pipeline?

[dukedosh] 20/9/2013 16:29

Thanks UJ. Can you remember if Wade said anything about the new pipeline being ready on time or when we should expect news on UMU-11?

[uncle john] 20/9/2013 14:34

Hi all, I did go to the Proactive evening,but I did not get round to speaking to Wade after. I thought it a good presentation, always nice to hear about blokes just getting on with a job. No grand claims, no tedious geological stories. Just getting on with what they set out to do.
They have a debt facility for capital spending. They have income, they have fully working production facility, and they have links to Shell for refining.

I think they said that they are losing an estimated 13% of oil to theft, but that is lower than the Nigerian average! The pipeline is nearing completion, it is smaller diameter than I would have expected but WDIK..
It is hoped that the operator is getting to grips with the theft.

I cannot remember any mention of of the partners during the talk. There is development planned for very soon which will increase production. The intention is to take on other licences as they become available, (Soon and I think in their own name).
All above from memory as I was not really interested at the time, but I am interested now. Memo to self "do more work before meeting companies"!!!

I think I shall buy into a good story.

[riggerbeautz] 19/9/2013 22:16

Very happy with todays move, may just prove a great shake out opportunity for those with a bit more conviction or less nervous disposition.

As for AGIP, well i'm aure they are fully aware of the looming new pipeline and doing all they can.

[dukedosh] 19/9/2013 20:32

Nice to see this share price start to recover.

Looks like the fall was down to some money getting out after the bunkering losses news which should subside substantially with the new pipeline.

Are AGIP on the case or the culprits?

London presentation confirms we are fundamentally intact.

What a ride! Forget the Dom Pom, I need another Cognac.

[riggerbeautz] 19/9/2013 19:46

Somehow think a few dudes with a pick and shovel was never the issue. Bunkering yeah, no doubt AGIP on the case.

Meanwhile very happy to have had a boost to offset the slide.

[sg31] 19/9/2013 17:43

I thought the new pipeline was supposed to be 10 foot deep and capped with concrete. From the photos in the presentation it's at most 3 foot deep with no sign of concrete. Bunkerers paradise, turn up with a shovel and help yourselves.

[aim_trader] 19/9/2013 10:20

To view Mart Resources' presentation from the May Fair Hotel last night, click on the following link:

[riggerbeautz] 18/9/2013 19:16

Well thats me finished for tonight, back almost to my highest holding here again. Advance use of divi to go balls deep and sill(ier) overweight!

[riggerbeautz] 18/9/2013 17:52

LOL asked the same a few posts back, was very tempted and now wish I had.

[dukedosh] 18/9/2013 17:25

Would be good to find out what Wade has to say at the presentation tonight. Anyone going?