wheres davo?, page-2

Still here as excited as ever about MAD prospects. Tied up for a few days with BCC (2nd favourite stock to MAD) and then following proceedings from the Mobile phone which doesnt motivate one to make posts due to the computer getting repaired, got it back last night.

Clearly the directors believe the value lost through a small dilution will be surpassed by the value created. Due to their significant holdings in the company I am confident this is the case as opposed to other companys where directors holdings are dwarfed by their salarys.

Currently reserves are massively undervalued due to the rate of development. If MAD can increase the drilling rate those reserves should be rerated. Taken from a weeks and months perspective IMO this will lead to significant value being created.
It may prove to be a great buying opportunity if the shareprice falls a bit, though the market may like how the funds will be allocated and we may end up rising when we open.

Regards