markets tellthe market will tell us if this is a good deal or not. if we don't see a move up within the next 2 months we will know. holding at present value is about the same a going down when you consider the latest financials. it would be interesting to know who holds the bulk of the warrents to know how much the present placement of the warrents motivated the idea of this idea. my guess is that they are not expecting this stock to move up or they would be wanting to maintain the leverage provided by the warrents.
when you compare the price of this stock and the volume of shares that are out its interesting to compare to tanrange. that stock trades at $5 and it doesn't have a producer. mdn has a producer, has exploration ground thats just as good or better but does not have the same kind of financial support of the insiders. i know its not a good compare because MDN is the more typical of jr's as being a bread & butter play for the insiders and TNX is a vision for JS that he has invested millions in.
i still think mdn is a great play but it puzzles me that the stock price is so low when you look at its properties, the fact it is earning revenue and has no debt. there are all kinds of companies trading in the double digits that have much worse bottom lines.