Thursday, September 11, 2014 9:13:47 AM
However, the important element here is that it is a game-changer for MMTIF; they will finally have some revenue income coming in and won’t have to rely on issuing shares to stay afloat. Plus, royalties are awesome, you let someone else do all the work and have the workforce and overhead and you just get issued checks for licensing the technology. Further, this is a “small” deal compared with their oil pursuits and to have this one in the bag for a long-term contract is BIG.
IMHO, with the revs from this deal, from what I can tell – even if you value it at just $100M over 10 years (probably a discount) – MMTIF should be valued somewhere in the $1.25 - $1.50 range – and the deal with Saudi Aramco is probably next and should be much larger – AND they have several other deals according to the filings in various stages - so your $3.00 - $5.00 target is not pie-in-the-sky at all. I am very comfortable with my position here and it really appears MMTIF is on the right track and due for a major push North.
Following the charts is like driving a car forward while looking in the rear view mirror.
Recent MMTIF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/08/2024 08:56:44 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/12/2024 09:41:29 PM
- Form 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/05/2024 08:46:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/16/2024 08:56:16 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 01/12/2024 09:13:05 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/12/2023 09:13:42 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/05/2023 10:09:10 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/20/2023 01:52:20 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/10/2023 08:00:45 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/27/2023 01:03:32 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/13/2023 05:14:47 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/05/2023 12:36:15 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/29/2023 08:06:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/29/2023 04:47:39 PM
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