just as crazy as the fall today is the manic, continuous rise over the past few weeks. its like someone got some very wrong inside information??
surely the market didn't expect them to do overly well this half? I remember mrposhmans projections (which i liked) and MLD isn't far short of those.
I think the result is actually not that bad. i'm in from 68c so will wait for this to settle out and probably add more to average up. the key thing is that they are still profitable and still paying a dividend.
i also like their exposure to gold miners, which will flourish as these fool governments and central bankers go down their QE NIRP path into oblivion.
All i'd like to see is a continual replenishing of the work in hand pipeline
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