reserves - production benchmarking, page-18

Spot on iaquinta....

Those with the big bucks (capital raisings and Gulf) are privy to far greater detail than us mere minnows....so I pose the question to those reading this post. Do you listen to the big end of town willing (on the basis of greater knowledge) to throw up some serious cash or do you listen to those with a theory on this forum?

My first question........the original post in this thread was all about reserves versus production (annualised). Was this analysis taken on all reviewed companies in it's infancy and transition from explorer to producer (like MAD is right now) or was it taken when they are well and truly up and running.......??

There have been many over the last 6-8 months who have put forward the view that there is something wrong with the reserves reporting, but none have given a factual basis on which to question the reserves report....!!

Until someone puts forward a serious argument to question the reserves, I will be patient and give MAD management some time to exploit these reserves. No one can seriously say (relative to others in this game) that MAD have had plenty of time to carry out their plan!!