Ann: 2017 Half Year Results Investor Presentation, page-25

I have been a strong supporter of MRM but completely lost faith today. They have sold the "crown jewels" in a desperate attempt to satisfy their bankers. I accept they have some new tonnage but without work these will turn out to be white elephants. I regarded the supply bases as providing a differentiation of service as opposed to other competitors in Australia. This competitive advantage has been lost. The issue of debt repayment won't go away and will hang over their head despite the recovery in oil prices.
I have exited my entire holding today and moved on to other opportunities.
Good luck to those of you who still hold........hope it doesn't turn into another SGH.......death by a thousand cuts!