Even if there is something the company needs doing with its finances going early and i dont know if it is or not is prudent capital management imo
Even going to the market for money is at a higher price ?
In my experience anyway you are bound to disclose and the earlier you do it the better by company constitutions and by the shareholder of public listed companies . There comes a point where you have raise risk reward with capital requirements and keeping the business sound .
We dont know how much risk is involved .Well i dont im just looking at a chart mulling thoughts with price and thinking im in a bottom which could lead to a better price in the future .
If it was the gfc you would think yep shore it up the capital requirement now even if it wasnt on best of terms as whats round the corner if the future goes negative in finance markets you have some breathing space .Or the ability to put a plan in place you can administer.
We got pretty high gearing to my understanding and this can go both ways . Bad in area of getting capital from the financial sector if it dries up or leverage when it turns . Im thinking real estate like with this so could be way out of line in my thoughts .
MRM Price at posting:
33.0¢ Sentiment: None Disclosure: Held