MMT.v/MAUXF.pk had disappointing earnings!
Mart mgt needs to be more diligent and complete in updating shareholders with monthly status, which in future should definitely include monthly calculated losses.
The 18% pipeline losses (per pipeline operator ENI/AGIP) was the biggest negative surprise to me.
Since Mart was able to get an estimate on pipeline losses during July (within a month) to help assuage shareholder anxiety somewhat, they should be willing to announce estimated pipeline losses each month in their monthly operational updates.
By the way, Chen's letter mentioned his continuing support for Mart, though he was disappointed like all shareholders with quarterly results and the lack of predictability for future quarterly results.
Best Regards to all,
'peeker
Focus Focus Focus Focus !!!!
