Time to off-load this Mermaid, page-97

GB,

I think the comparison to FMG is a valid one for MRM. according to all the naysayers they were a dead duck, racked by debt and spiralling commodity price. even Carl Ichan ( legendary US investor ) described FMG as a value trap. how wrong they were .....just look at FMG now.
The main problem with most investors is that they try to be too logical....looking at debt profiles, Management decisions, contract shortfalls etc. The market is nearly never rational or predictable.....Brexit and Trump were going to be armageddon for markets...ho hum...now they are at record highs!
MRM will recover without rhyme or reason in the beginning, but then the obvious will become common knowledge as dynamics improve and investors will pile in.