I have also not posted for a while as I saw a disconnect between the movement in share price and information. Either I am an idiot, or factors were driving price that were not just about MAD's oil reserves, production levels and costs. This meant that only time will sort things out.
I see that Paul can still not help himself. He is certain about things as summed up by this....
"Unlike MAD PGI will recover over the next few months as soon as gold stops falling and investors panicking."
There is not a reasonable basis for this certainty, although an increase in gold price will help PGI but who says gold prices are going up?
I am unable to see the future but I have taken a position. I have bought more MAD through warrants.
I hold a portfolio of many stocks. I am no oil stock expert. I look at this one and I see that:
Production is increasing
Price for the product ok
Cost of production is ok
Access to funding for future growth is good
Reserves may be unproven but they are not a fiction and seem good
Cashflow is improving
Directors are not selling stock
Why would I not be confident about the future of this stock?
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