valued less than cash and stock and running

MDL. Small profitable producer of heavy minerals. Presently valued at about equal to the $5 mill in invetory that is awaiting shiopment. In addition it has aroudn $4.5 mill incash plus a profitabel operation. On this basis seems very undervalued.

For some reason today bidders are jumping over each other to get on board. Something may be cooking.

Possibilites:
- takeover
- it's taking an interest in another mineral sands concern
- maybe some good news coming

Basically it appears well undervalued and for some reason today people want them. Worth checking out if you like a stock with limited downside and aren't too fussed about big liquidity.

Anyone got any ideas?

I hold

Cheers
hots