All these large industrial s in same boat with now having major cost cuts etc where they become lean is hard but it some ways they wasted the boom times by not being lean through them also .ie they paid to much for thier expansions to chase to little return . ie alot come out broke at the end of the boom because they didnt spend wisely or wasted away money on frivolous expansion for little returns .You see this in mining coal iron ore etc particularly at the moment .
All good if your able manage these costs as many staff have never seen bad times and manage with open budgets almost in boom times . ie got a problem throw more money at it .
As long as our cycle remains on track with cost cutting and leaner times we are able ride it out the leverage if it works to fruition should see better upside .The market may see it this way and why we are climbing that wall of worry .
MRM Price at posting:
44.5¢ Sentiment: None Disclosure: Held