thank you, page-3

I accept that averaging down isn't always the best idea, however I have traded in and out of MAD quite successfully over the last 9 months and happened to buy back in after my last sell higher than I should have.

Easy to pick these things in hindsight but at an average return on MAD of well over 20% in 9 months I won't lose too much sleep.

I agree with you that MAD is likely to head below $1.10. I posted in another discussion about MAD that it hit the low 80's when the world was ending due to the "Eurozone crisis" not too long ago and I never contemplated selling, just bought more.

Will I buy more if MAD falls below 1.10? Yes.

I am now settling in with MAD and fully intend to hold for 24 - 36 months. Look at the proven reserves, look at management's track record of over delivering, look who elese is doing business where MAD is operating... Am I happy to buy more of these at $1.10? Absolutely. I may just manage to break even in 2 or 3 years...