stock analysis report, page-90

I've been following MAD for some time and made the mistake of trying to trade it early on.

I COMPLETELY MUFFED IT!!!!.

This a clear medium to long term hold with higher levels a formality over time as they ramp up reserves, drilling and cash-flow.

I was hoping for another opportunity to get a nice holding and I have had that opportunity over the last few weeks, with my final parcel being purchased today.

My average is around $1.05 - it's painful given it could have been less than half of this average price, but I will still be a happy man when she goes past $2 and beyond in the next year or so.

I feel she is very good value at these levels and will likely stabiliser around the $1.20/$1.30 mark after the reserves upgrade.