Don't blame the ASX and ASIC. They don't force you to invest.
Its up to Mermaid to come out prove the market wrong with good earnings, good dividends and a good outlook. The market has changed and its no longer as it was 20 years ago, there is no 'goodwill' and inherent right to a stable SP.
MRM has pretty well traded inline with its peers globally (EZRA for example) in the past 6 months. It has no real peers on the ASX. The only thing that seems to have kept ezra up this month is a few contract wins.
MRM Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
