Paul , you just don't get it, when it comes to reserves. They can't be zero if you are a producer. You can argue the reserves wouldn't be very much like between 5 and 10m. But to say the reserves are zero is showing you don't know much about oil companies. Oil companies reserves, aren't based on whether the company is going to make money, they are based on whether the company can extract them. Mad is extracting oil, maybe not at the level the reserves say, but they are.
As for pgi, you have blown your trumpet for yrs on pgi, and yet you have cheered the share price drop of 60 per cent the last yr. That performance is worse than mad. My credit ability is intact because unlike you I invest in company's that make money. My biggest holding for a spec like mad and pgi is byl. Which has performed nicely thanks
FDM Price at posting:
27.5¢ Sentiment: Sell Disclosure: Not Held
