So much for all the doom and gloom merchants it dropped to and...

So much for all the doom and gloom merchants it dropped to and only just to .008 with over 20 million traded and with still another 20 million waiting at .008 on the buy side and 17million odds at .007 at the next buy level.

With just 970,000 left on the sell side waiting at .009 to boot with nearly 70 million share orders waiting on the buy side at close and barely 14 million waiting on the sell side at close.

Yep the company's a real disaster, not .

Clearly there are plenty of heavy hitters who think that just maybe the geology hasn't suddenly changed overnight and that MRD wasn't and isn't a one man band.

Like I've said repeatedly until the fact of the matters are known, its all just conjecture on our behalf but I would have thought today's strength in light of all the predictions suggests the ship hasn't run aground and that the response was an overwhelming vote of confidence in the company and its prospects and a better result than even I had anticipated.

So to sum up Goodwin's entire portfolio is dumped, 54 million shares and the price barely moves and today another 20 odd million and it barely drops two tenths of a cents against a background of supposed overwhelming pessimism and supposed incompetence yet somehow there is no price collapse.

Surely that indicates to anyone with half a brain that the share is considered to be tremendously undervalued at the current price levels.

If that's the case, then why is the share considered to be seriously undervalued, the only logical conclusion that can be drawn is that the project is still on very sound footing.

I'm very happy, I lowered my average slightly from 1.3 cents to 1.27 cents and increased my holdings by 300,000 shares in a company that seemingly still has good potential.