wow what a sell off, page-19

In the short term(next couple of weeks) MAD is going lower because sentiment towards the stock is changeing.

No longer will MAD move up strongly on announcements alone. They need to show smome significant production improvement and this is not going to happen this quarter.

As we approach the end of the month and sign off of gulf deal get close their will be some nervousness on whether the deal gets signed and what are the detailed terms.

The fundamental issue remains. With a market cap of 450M the stock is too expensive considering the risks still to be overcome.

I will go out on a limb and say sub 60 cents is a real possibility.

And at 60 cents I would not be a buyer