reckon we've seen the worst

The buy depth is building nicely and the stock isn't being hammered like a few weeks ago. Since Iluka announced Jacinth closure, maybe it was just a coincidence but in recent weeks Iluka is UP, Base is UP and MDLK is UP.
Generally resource sector is getting a bit of a breather since yanks have downplayed increasing interest rates and giving equity investors a complete shellacking.
So MDL has come with with the news on losses and there wasn't any surprises there, 2015 was never going to be a money maker and I'm glad they actually just got through. There are instos that are selling and all I can say is good riddance to the departing crowd - don't let the door hit you on the ass on the way out. I tend to view things more favourable and look at the larger picture.
I think this is the time that only happens once a decade to buy some stock at insanely low prices.