I agree this is a high risk high reward stock but there can never be any reward if there is very minimal activity to find something special. There appears to be no current strategy to derisk the business or up the activity and likelihood of success through JV partners. 100% of nothing based on minimal activity is nothing. 50% of something special with lots of drilling by others is still very special plus more activity will get the market excited.
Also we don't even know who is in charge and accountable at MRD. Remember we have no MD or CEO. Very disturbing.
MRD Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held