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Yeah I'll expand. It's amazing how successful so many of the so called "unintelligent investor" calls are, but when they make one that drops (in the short term) you get all sorts of comments about how unsuccessful they are. Isn't hindsight excellent in supporting an argument. Look at it from a balanced perspective. They said 10% of your portfolio max (at current prices) & with a large dividend yield you call hardly say it's a nightmare situation. Its a profit downgrade from 60 mil to 48 mil and an opportunity for the wise.

At this price you could easily fund a substantial purchase with a margin loan and never pay any interest while waiting for a turn around. Limited downside exposure with potential for better than average return down the track.

I do not hold MRL