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.