$140 million impairment charge says it all, page-11

Hi CK.
As VH has said it was suprising the impairment was only $140m. If there was a positive from today's news I think that would be that the impairment was as small as it was (in the sense that I think the impairment should be much much higher as the boats are worth nothing if you can't get work for them and can't sell them). So maybe the low impairment a good sign, perhaps that only olde"r boats are sitting still?
Otherwise that the impairment was not an issue for the banks should not be a source of comfort. All that statement said was that the write down doesn't trigger a covenant. All that means is the covenant was not sensitive to the recent impairment.
Importantly, MRM did not use today's notice to update their last notice that they were still in discussion with their banks. This could be a worry perhaps?