the current week shows a quiet confidence by all current MAD holders imo.(holders realising the LT potential!)
we hit the $1 mark(which would have been a lot of LTH exit point)there was some volume around the high 90's to the $1 which was to be expected it was a new high on top of a new high.
dt were probably expecting a big retrace and an opportunity to buy in again.
there are a lot on the sidelines waiting for MAD to return to there entry point where ever that might be.
trading this week with low volumes and steady prices this is healthy for any stock,the good sign is the lack of big sales,the course of sales smells of accumultion .
there were instos that would have missed out on there oppurtunity with the placement!
they realised the quality of MAD and a have been accumlating stock ever sine(hence the action last week )
the actions of MAD MGT is what holders should be looking at.
how many coy's mgt would have let the insto's fill there boots at the spp and not worry about what happend to the sp in the meantime ?
MAD MGT just gave these guys a taste and knew the level of interest created would have a + affect on the sp .(my hats off to them big TU from me)
MGT hold 22% of MAD there all about building this company!
as stated in an earlier post MAD have 9200 acres on or near blue ridge that have been yet to be factored into the reserves.
MGT have been drilling on the fields for 36 years tell me there not quietly confident of a massive upgrade that will push sp vertical?
i for one cannot wait to see the calculations thrown around once the new reserves are out im sure the market will react nicely.
ive been holding since the start and had an original target of the $1 mark,as MAD have continued to exceed expectations,i have adjusted my target price substantially!.
still hold entire holdings, needless to say im more than quietly confident with MAD!
maybe i am just plain MAD!
i know one thing for certain when i see a good thing i hold hold hold on for the ride!
been checking out the site for the latest production of MAD nothing as yet must be close?
GLLT :)
time and paitence is the key with MAD
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