Chart has short term potential, page-296

Hi all,

I actually think there is real merit in @Austinhealeysprite's warnings. I have been having a re-think of late and sold down half my holdings at 45cents based on his argument. (Thanks for that by the way AHS).

I have kept my holding in my super fund as longer term I think the rising oil price will mean it is back to business as usual for MRM. But as AHS rightly points out, there could be a real lag in the earnings for Oil services.

The lack of news from MRM points to only one outcome at the next report, and the downside to that is far greater than the potential upside.
It's not like they can come out and say, "hey, we won five contracts recently but didn't bother to tell anyone."

The degree of asset write-downs may not be as bad as we are fearing, but I am cautious at present and was happy to lock in some small profits in my portfolio rather than run the gauntlet come report time.