IMO the SP is being held at 30c for an ensuing CR. Whether it's Singaporean or big boys shorting who'll be involved I'm not sure...
I think a positive update on our banking covenants tied in with a direction on our capital issues and this stock will no longer be played. INPEX is starting. Last update said 2017 was expecting to get better. Plenty of upside, just have to catch the falling knife...
Is 30c the bottom? I'm not sure. Would like to sell my remaining holdings and buy again in the 20's but IMO it won't get there... Cheers!
MRM Price at posting:
29.8¢ Sentiment: Buy Disclosure: Held