Sharks,Let's hope they can get 2,000bopd soon and start raking...

Sharks,

Let's hope they can get 2,000bopd soon and start raking in the profits. The market seems to be assuming that they are going to lose money and the reserves are worthless.

I don't agree with the market. I think MAD were unprepared (on the corporate side) to be an ASX200 stock. Usually, when a company enters the ASX200 they have been around a long time and have developed all the corporate contacts and have long term cornerstone insto's on the register. This is where MAD is lacking and why insto's have nbeen able to push it around at will (up then down).

Management sure better come up with a plan soon to get some confidence back into the equation. I'm holding as I think these levels will prove to be cheap in the next year or so. But who knows what the market will do - it's been smashing a lot of good stocks lately - while the USA goes gangbusters.