So now we're bringing out every possible reason under the sun that is not related to MAD, as to why MAD is a bad investment:
From Everest, now people shouldnt buy MAD because Warren Buffett wouldnt because its not a blue chip? So does that not also apply to every other stock outside the ASX100?
And from Paul,
"Market sentiment to the small resource sector is terrible
Tax loss sell season approaches rapidly"
Not to mention from Paul, more unsubstantiated statements:
"The high impacts program is looking like a dud and I continue to maintain the view that the fairway program is a dud. "
It seems the best reason of all is that producing oil is now like growing tulips...what a classic!
Cheers, Sharks.
FDM Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held