MMT.v/mauxf +.01 to C$1.63 .05 dividend showed up in my account today. 12.27% annualized yield at current prices. A few more months to wait and see if they can bribe, I mean build, the second pipeline. Huge event for Mart if they can get the second line operating and eliminate the choke point in their business.
Mart has been stuck at about the same level of production for many months and of course had the lengthy shutdown that forced them to seek financing recently. All will be well if the next few months go well and they not only finish the second pipeline but successfully drill the horizontal well that is providing much of the increased production and revs we expect in 2014.
Nothings for sure but the future does look bright for Mart. The dividend is a nice reason to stick around for the conclusion of this Nigerian soap opera.
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If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
