I disagree. It was a good day for MHL.
Every day that the 3c (ish) support level holds is a positive outcome.
What we will see next are broker spec buy recommendations starting to hit the streets. I heard MG at the AGM say to me directly that they are spruiking the story hard.
There will be a long haul through the 3's against a bit of headwind but I believe we have found a base and its truly upwards from here.