The SP smashing looks over done to my eyes. I took the opportunity to enter thanks to this smash down. MLD are good operators and heavily exposed to the gold mining sector. So, just punting on Ozzie goldies continuing to do well and MLD picking up more work in this sector, the expansion into Brazil working, and also what appears to be an overly harsh market punishment. Not sure about the civil works side though, so need to do more homework on that before deciding to stay or leave.
What did Mr Market expect for a mining services company is such a down turn for the resources industry?
Cheers
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