Agree Early. I think we are really carrying a lot of "baggage" at the moment - this is in the form of inability to settle the "merger".
I have always alluded to this ie that until this happens we will simply not get the information because SPM is a private co. I understand that this will occur late this year at the latest. That is when the rerate will happen. If it does not then I too will have a major rethink but this will also depend on where resources are at that time. As you have pointed out - this sector is on the nose right now. I think though that we have seen the bottom.
All IMOO and pls DYOR!!
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