I continue to hold MRM but the concerns of a further substantial write down are valid. The question becomes if this write down takes a toll of, say, 10c per share, does it come now, or does it come after the share price recovers to 65c on the back of rising oil prices?
You could be entirely right about the risk of poor results, yet miss a 50% gain as underlying oil strength lifts all boats, so to speak.
Chart has short term potential, page-329
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