I agree!! At first, I thought no big deal as this information was a known possibility and the main reason, or one of them any ways for the PPS's drastic fall from grace, which I still believe. But why announce this on a Monday , before the open?? These kind of updates are usually reserved for Fridays, after the close to give the negative news a chance to be absorbed, slightly forgotten over the weekend and lessen panic selling of the stock. The timing of this has me baffled and for the life of me, I can't figure out why on the choice to release on this time frame , which on the ASX, or for an ASX listed company, is unheard of. I am still a buyer at these levels and will remain so, this has not changed my long term outlook on MMA and although off it's highs for the day, recovered nicely , but now leaves me with some unanswered questions in my head. Now waiting on the answers.
MRM Price at posting:
67.5¢ Sentiment: Buy Disclosure: Held
