feedback from road show, page-5

It is not true that RBS is the only analyst that has covered the stock.

Peter Strachan/Stockanalysis, Wilson HTM and Motley Fool have all written research on MAD and I suspect any of their clients that followed the advice have ripped up cash on the back of it. RBS has stuck with the story longest for corporate reasons....it's quite educational to chart their share price targets over time.

I still stand by the reserves I calculated and posted on this forum over a year ago. My suspicion is that a whole bunch of announcements will be wrapped up at one time, JV, asset sale, new reporting rules and reserves downgrade likely to distract attention from the latter. It shouldn't take more than a month or two to get a proper auditor to go through the properties and determine the reserves. The fact that we haven't seen anything yet is somewhat surprising - or perhaps not.

A reserves downgrade is also likely to have a significant effect on the financials.