Your attempts to discredit me (and Ptolemic for that matter) are absolutely hilarious! I actually am laughing aloud at my computer screen reading your posts!
Trust me, I am all there, particularly when it comes to valuing oil companies (mate). You are waaaay out of your depth trying to shut me down which is why you insist on cherry picking a single piece of my analysis, taking it completely out of context, and ignoring all of the rest of the pertinent analysis because it doesn't suit your point of view.
As for starting a company, what is the relevance of that? Maybe I'll start a magical chocolate factory and staff it with purple dwarves called oompa-loompas! While that would be a wonderful magical experience I'm not sure how it would assist me in valuing MAD. Would I be better placed to post if I had supervised at MacDonalds in Rooty Hill perhaps?
I've done a mountain of my own research, much of which I've shared online, an what it has shown me is that this company is incredibly efficient at drilling uneconomic wells and ripping up cash, requiring continual returns to the equity markets (despite saying they wouldn't need to but I'm not allowed to refer to that because it was said in 2010 not in late 2012 by which time the company had drilled more uneconomic and dry wells than you can poke a stick at while skinning a horse).
Just to clarify yet another of your wildly inaccurate statements of fact, I was not short while you rode the stock from 26c to a dollar (based on what now appear to be a massively overinflated reserve report whose author is apparently uncontactable according to Ptolemic). I went short at $1.155 and remain short ( though I've traded in and out and I am now free carried on a significant short position).
To answer your question, if MAD had production of either 2,500 , 5,000 or 10,000 bopd, and was valued at the current valuation, no I would not have a problem. In fact I'd be buying shares with my ears pinned back. But alas, it is not.
I have fundamentally addressed the rest of your garbled nonsense in previous posts so I won't bother with that (e.g. Certifying reserves then shooting seismic to delineate the locations of the proved locations which have already been certified - absolute nonsense).
I never commented on your like count, I was referring to Snagger's insightful analysis. But now that you've brought it up, i find it very pleasing that your posts attract so many likes when they are so laden with inaccurate assertions because it gives me great faith that junior oil stocks will continue to be so badly mispriced as to provide me with such incredible shorting opportunities. Are there any other oil stocks you like? I'd love to run the ruler over them.
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