Are you sure it was measured in meters in 2010, but feet this time? Hoping it was meters both times or feet both times.
in any case the company has the money to move forward and if it can show efficacy the days of a $7MM market cap will be behind it forever
Never said I know nothing about Mart. I know plenty. Said I have not formed an opinion about Mart management specifically. That is different. Not interested in getting into a discussion about Mart. I don't invest in Africa.
I thought they presented it as an option to consider rather than a certainty, no?
No, I was arguing against your bringing MAUXF to this board as a better alternative to SDCJF. I didn't and don't believe that was true, and I don't need to know every move the Mart CEO has ever made in order to compare the numbers for the two companies, which is what I did. This is a useless conversation about an old debate. I'm done with it.
My arguments regarding MAUXF were based on numbers and the fact that the operation is in Africa, where I don't care to invest. I don't have anything in particular against the stock and I wish you well with it. I disagreed with your claims, so I argued against them based on numbers. I did not claim to know the quality of Mart's management and did not need to know that for the purposes of the argument at that time.
I was responding to mickey's question as to whether I invested in MAUXF, not intending to comment on MAUXF management. I do not follow MAUXF closely and do not pretend to have a handle on whether the company is well run or not.
I'm following my own nose here, and have been for years, just happens to coincide with what ntc is posting at the present time. I don't trade in and out--I hold a core position, buy some when it goes down (or a lot in this case), and sell some when it goes up. Sundance is a well-run company and I am confident it will come out of the current macro situation in good position. I'm not invested in MAUXF.
It was brought down more or less by the amount of the dividend, just as with the prior dividend.
crazy that we are where we are, but demonstrating efficacy in phase 2a will change everything...and right, won't worry about dilution if that happens...
I think it's basically a partial buyback where the fund will be offering shareholders 95% of NAV per share after the Twitter dividend has gone out. Assume shareholders will be given the offer through their brokers once Dec 14 (or later) NAV is disclosed, though with no guarantee that shareholders who accept the tender offer will have all the shares they tender purchased by the fund.
maybe so, will be interesting to watch--could eventually see some price support from China loading up on oil to increase its nascent strategic petroleum reserve...probably some others would also look to do so at these levels
Agreed on all counts. No fun to bring down boepd, but probably need to do that in short to medium term and redirect capex toward acquisitions. Hedges in place will keep a significant chunk of Sundance production on the lucrative side over the next year or so, and I'd be very surprised if oil hangs out at $60 or $70 for that long. Even if it does, debt is low enough and cash available that Sundance can wait it out and emerge stronger than before whenever prices do recover. Time now to free up some cash myself...