I say: MAD is undervalued at current levels and increased production is the last piece in the puzzle to unlocking MAD's true value.
There is a VERY big difference.
MAD's share price is only 15% lower than when you posted in your elderly wisdom at $1.33 ... yet, you want a standing ovation for being 'right' in saying it was "extremely overvalued" at $1.33. If MAD gets back to 40 cents, maybe... but not at $1.13.
Didn't you also say that PGI was you tip of the year when it was 16.5 cents? Well, it has also cooled off 15% to 14 cents. You haven't said much about that though have you.
By the way, I tend to bury my elders.
Good luck getting in on MAD at your target price. I hope you do actually get in because I look forward to comparing the value of our respective MAD holdings in a few years time - I'm pretty sure you will be calling me a hot shot again, but for all the right reasons this time.
FDM Price at posting:
$1.13 Sentiment: None Disclosure: Held