SP worth 6p....on any valuation metric, MXP still has USD 100M annualised revenue and current sits with a market cap of just over 1/2 that amount.....its about fair value, that is 6p IMO with potential to improve...
TR, 2 years ago SP was around 5p....it has been downhill since then until this week, prospects from here going forward are without a doubt improving after much cost cutting and now very realistic potential of increased production and revenue....
No way are the fundamentals here better now than at any point in the last two years! How much do you actually know about the company if you think that??? :P Two years ago we had hopes of a deep drill, hopes of 40million 2Ps, hopes of not too much debt. Now we have 8-10 million 2Ps, no deep drill, no money and a huge wedge of debt, plus license expiry looming large. This is why the SP is so low comapred to historic levels.
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