4.6 seems very very cheap to me, i remember a few months ago when it was trading at 2-2.5 cents before the consolidation, people were saying it was value them and now its less than half the price..Most the market is down and the small/mid caps seems to be hit the worst as usual.
I am not an oil and gas guru but it seems to me that with some news flow this stock could easily double in a few days..We need some gas flowing and some cash flow generated though. I also read that they are looks for partners/Joint ventures for some of their bigger assets and according to previous announcements they were in discusions and hoping to have something before end of second quarter...I don;t remember the details but I am hoping my timing is gonna be good just before the news start to flow..
When people are scared its time to buy,,,,I am buying, gas will be a good asset for the future IMO...Hope I am not digging myself into a whole,,,I like my chances with MDA in mid to long term...
Good luck all holders,,,DYOR
MDA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held