Clearly undervalued. If you buy $10K MAD tomorrow; you get $4000 back if you sell at $1.40. Sounds good to me. If it falls to low 90's then it becomes very undervalued given the upside. I am assuming that MAD will see $1.40 once again. $1.40 is conservative and it continues to reach these levels. No up ramp. Just an undervalued company at current prices.
MAD is in the business of finding oil. And that's exactly what they're going to do in next 12 months. Shouldn't look at last 2 days as any indication of where the SP will be in 12 months.
FDM Price at posting:
99.5¢ Sentiment: Buy Disclosure: Held