It is definitely MEP undervalued, but it may always be undervalued. With only 25% share, and no self promoting, ADN is more likely going to be more well known.
with a market cap of 40ish million and the possibilty to be earning 40 mil a year purely on careys well only? This is WELL undervalued.
am still riding the ADN train, but had no option but to jump on the MEP bandwagon because it has to re rate soon!
and to think at adn we were fighting over .01pips, and now its .05 steps.
Lesson learnt. Dont squabble over a 0.01 pip when shortly you will have no choice bar 0.05 lines.
