MRM 0.00% 33.0¢ mma offshore limited

Goldbear I have been impressed with your analysis of late...

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  1. 2,211 Posts.
    lightbulb Created with Sketch. 48
    Goldbear I have been impressed with your analysis of late jimmy's doing well too.
    Buy or not buy lol, go yoda.
    I don't get the technicals but I should look into the one you mention.
    I don't have anything exceptional to buy at present as my shopping trolley is full of Santos really I will tag you if I see anything.
    I completely cocked up estimating the oil market recovery and started investing in Santos in early 2015 at $7 per share. Still my average price is $4 Jimbo, that's the power of dollar cost averaging powering through my utter ineptitude and overconfidence in my own bullshit.
    With hindsight I should have waited there also like I am doing with MRM. You are talking yourself out of this one with concerns about the outlook, I did the same when S32 was 90c last year and an absolute no brainer.
    S32 had a 67% proprietorship ratio and free cashflow so the outlook was bad? Put it in the bottom draw and wait a couple years.
    This is hard to do right, which means it works. You can't beat the market playing by the rules everyone else uses.
    Last edited by croasian: 27/01/17
 
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