There have been many good thoughts posted on HC regarding MRM in...

There have been many good thoughts posted on HC regarding MRM in the past 24 hrs. Mostly negative, some very angry, and a couple of positives. and that is quite acceptable, we need all the input we can get. Late yesterday we saw panic selling and price capitulation . As with the GFC when forced selling takes over share prices are sold in panic way below their real value. I dont know how low this will go on, but, at some point sanity will return and real value realised. PANIC SELLING is financial death !! Looking forward there are two things that will change . Oil prices will rise, and they will rise because sub $50 pb is unsustainable, even for the Saudis, they have made many statements to that effect, and say prices are set to rebalance in 016. The second is trading conditions, and better terms of contract to return to MRM. One follows the other. If an EBITA of $75 - $85 ml is sustained and an NPAT of $45 - $55 ml is posted without any capitol raising. we will get out of this over time. Lets hope that all the news good and bad is now out in the open........