I do not have a problem with following good management and generally agree with the sentiment that MHL is worth a long term hold on this basis. Though at market cap $12m MHL is not exactly dirt cheap considering nothing has yet been shown about its leases. new share issues simply make the stock more expensive... most buyers in the last 12 months would have made nothing on their money.
to be honest though there are some very good sleepers amongst the oilers with known high quality assets. Maybe not as cheap but at least you can buy into a known path of action on a good asset...
MHL's drifting share price seems to say that there isnt going to be any action for a while...?
I will watch for a better entry than a cheap price...maybe lose leverage but better use of ones cash...
good luck
ac
MHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held