The newspaper cant beat the arguement on mad on this forum .so paul lost lots of money in pgi .sad .. Mad is trading at 66* PE when sp is at 28cents the company is hard to value now considering its yet to increase assets backing. So the ratings for 1 month arent scary enough really paul. If reserves are lowered, would u complain if say : they have 80mil barrel instead of 100mil. You guys are staring too much at mad sp. Go on holiday check it oct after annual report.other companies with 30mil 1P reserves are above 50cents. Most analysts have a 1cent earnings on it yr 2014. Thats 28* future earnings today. Not bad for a company ple pref to trade 40times PE .and why the sudden jump in sp .mad is over analyzed on forums any positive will drive it well up. Im just waiting for a good sp and i buy again in this .and yep any negatives it slumps .
FDM Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Not Held
