"Paul, I'd rather you stick your neck out every time mad is hitting its peak and telling me it is overvalued. "
The first time i posted was on the day of a announcement and the stock was up around 20% at around 1.35 with many comments "this is going to $2". I said it was overvalued as the market cap of around 550M was way too much at that stage of MAD's development. It subsequently fell to around $1.10 and then rallied.
Yesterday I just continued my theme. Market cap is now higher due to the placement. Nothing has changed to change my mind.
I am wondering why their have been no announcement. Surely with all the drilling now happening they should have some good results to announce
FDM Price at posting:
$1.21 Sentiment: None Disclosure: Not Held
