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
MDL Price at posting:
0.0¢ Sentiment: None Disclosure: Held