Wednesday, August 20, 2014

Mart Resources earnings and new presentation

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Mart Resources just reported earnings for Q2 and the first six months of 2014 along with updating shareholders on their operations in Nigeria. The main item that I took from the recent presentation is that they state the new pipeline will be online by the end of August. You may recall this is the main reason that I am back in this company after selling my stake over two years ago. The new pipeline will facilitate at least a 100% increase in production and cut down massively on pipeline losses that the company has been experiencing. Increased production will lead to greater cashflows and a higher share price at least in theory. I do not believe that the stock is currently reflecting this potential at its current price.

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