Replies to post #11150 on Value Microcaps Junior Energy

[stock_peeker]

MMT.v Perhaps a major portion of the big bucket of "restricted cash" has already been freed since the end of 2011.

[cleverrox]

MMT.v. Hopefully there isn't an analogy here between HNR and their Venezuelan assets which throw off tons of oil for which they never get the cash.

In these third world countries I get very concerned about getting cash back once it has been paid into any account controlled by the government or other third party. My theory is money has a way of disappearing in these countries.

If MMT.v has paid in $56M into an account as taxes if they are refunded those taxes the best we can hope for is they will stop payment of additional funds into tax provisioning accounts.

[DigiTech]

MMT, I think you will have to wait another 30 days to find out the exact number. It will be in the Q1 results.

However, A public statement was made that the company has $65M at the end of April.

So, $4m in cash in December, add about $50M CF generated in the last 4 months.(December was bad and lost oil) Add 60% of the restricted account or $35M. Add $1M for Qua Ibo

Paid out $20M for expenses ($5M per month) plus $5M for other taxes

Et voila! $65M in the bank

Not bad for a back of the envelope calculation

PS did anybody noticed that the company received about $6M in insurance payment for the burned up rig.