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  • Selling Mart Resources Today 14 comments
    Feb 13, 2013 8:51 AM | about stocks: MAUXF

    I am selling my remaining holdings in Mart Resources (MMT.V) today. There is no news that is motivating me to sell and I still like the company long term. My decision is based on valuation. I will be rolling the proceeds into uranium plays over the next days and weeks. I think there is more upside in uranium this year than oil or Mart.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: MAUXF
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Comments (14)
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  • So, you don't see it worth holding on for the new pipeline?

     

    Interesting you mention uranium. Any thoughts about Energy Fuel's results today?

     

    Even though it's not in an emerging market, Orbite Aluminae Inc. ORT.TO has caught my attention. It'd be interesting to hear your take on them.

     

    Thanks for all your posts. They've opened up many opportunities that would have otherwise escaped my notice.
    14 Feb 2013, 02:10 AM Reply Like
  • Author’s reply » There is nothing wrong with the company and yes it has potential when the new pipeline comes online. They might even double or triple production in the next few years. You are also getting a nice dividend while you wait. I bought the stock around $.65 and have done nicely and may return at some point. However it is my view that uranium has better prospects over the next 12-18 months so I need to deploy capital there as I think my returns will be higher. It is just a valuation and capital allocation decision for me.

     

    Energy Fuels results were as expected. If the uranium price moves up to $80+ over the next 18 months as I expect then Energy Fuels will do just fine.

     

    Have not heard of ORT.TO but I may take a look at it.
    14 Feb 2013, 07:48 AM Reply Like
  • For somebody who has held from $0.65, you are surprisingly unaware (clueless?) of the upcoming catalysts. U10 will deliver more production, and more importantly, reserves. Then there is pipeline completion, upon which time production will nearly triple - and that is expected to happen Q3, not in a few years.

     

    Then there is merger, new Marginal Fields, horizontal wells, and the ~100MM bbls in the two step out targets.

     

    As for investing in Uranium, I wouldnt touch that with a 100' pole.
    16 Feb 2013, 08:31 PM Reply Like
  • Author’s reply » Yes I am aware of the potential catalysts, have you read my previous work on MMT. Did it occur to you that some of these may be priced in already? I am not negative on Mart as I said, can you read? I am a speculator and I see more upside in uranium this year. Besides the fact that you cannot kiss all the girls so choices have to made. I am also a contrarian and the outsized gains in the resource arena are made by buying out of favor assets and waiting for them to come back into favor. You gave no reason why you would not touch uranium with a "100' pole' except, I suspect that my view on Mart does not validate your view on the company. I suspect you think by denigrating my view that you get the validation you seek. I am not a psychologist so I could be wrong. Nevertheless I wish you well.
    17 Feb 2013, 01:09 PM Reply Like
  • If you don't mind me asking, which stocks are you looking at for the uranium play?
    17 Feb 2013, 03:58 AM Reply Like
  • Author’s reply » I have been writing puts on Cameco and buying Energy Fuels on weakness.
    17 Feb 2013, 01:11 PM Reply Like
  • Hi, which stocks are you looking at for your uranium play? Thanks
    17 Feb 2013, 04:39 AM Reply Like
  • Hi, John. Thanks for your writings, I have made most of my profits with Mart, thanks to you, even though I came in pretty late.
    19 Feb 2013, 05:25 PM Reply Like
  • Great move John if you sold in the 2.20s. The stock looked like it was rising on news speculation which never materialized off of a strong market which subsequently experienced some technical damage and uncertainty.

     

    I would probably start to consider re scaling into your Mart position off of the ugly Q4 2012 numbers.
    26 Feb 2013, 03:26 PM Reply Like
  • Author’s reply » I think the stock will be news driven as I expect the price of oil to hold up ok. Look for progress on the pipeline and news on production increases. However it also works the other way as it is important to remember this company is operating in Nigeria not West Texas.
    27 Feb 2013, 07:59 AM Reply Like
  • Seems like you timed that well.
    26 Mar 2013, 02:23 AM Reply Like
  • Author’s reply » Still like the stock long term but no news for a while so it could drift for a while. Scaled into a position in Tag Oil which I sent out yesterday. They will double production in the next month after infrastructure upgrade.
    26 Mar 2013, 07:47 AM Reply Like
  • I think the pipeline issues are turning people off, but long term still a keeper, in my opinion. I was also looking at Tag Oil. Just trying to find a nice entry point.
    26 Mar 2013, 07:00 PM Reply Like
  • Hopefully not a trend:

     

    http://bit.ly/13PAzGf
    2 Apr 2013, 07:14 PM Reply Like
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