Value Microcaps Junior Energy

[Bobwins]

Mmt.v/mauxf -.24 to C$1.45 Ouch! That stings!

Nothing goes straight up and Mart is no exception. The pipeline issue is disappointing but part of the risk/reward of this stock. The fluctuations in cost recovery are another risk/reward situation. The fluctuations do hurt overall multiples because uncertainty is bad. Investors hate surprises and big fluctuations in cost recovery are going to impact qtrly results. Mart has been steadily drilling for the past several years so hasn't had many qtrs with the minimum share of revenues. But the pipeline situation has slowed them down because spending $8 to 12 million with no payback for 12-18 months is not great.

The big question is the big increase in production costs.

Still holding but the bigass grin has faded. Maybe the next dividend payment will remind me what a great stock Mart has been. Still has plenty of upside but the path may not be straight up as the last couple of months might have suggested.

Bobwins