Long term position for MLD, page-32

BGR,

Agree, the above have been sliding in the last three years, as have most companies related to mining have been, some worse than others. No surprise though really, coming off highs to lows, was always going to happen. One thing you forgot to mention in your fundamentals is that the stock price has also come down approx 60% from its high to current price, which means for me, bad news has already been factored in. They also state this in their last announcement.

"Whilst this lower revenue expectation will impact on the earnings outlook, MACA anticipates that net profit after tax for the 2015 financial year will exceed that which was achieved in FY2014."

If they can do that in the current environment, that will say a lot about the management of this company.

The 3 Yr monthly chart looks very positive to me.

white-shadow
imo-dyor