And exactly what are the amendments to the banking facility arrangement, page-19

I agree this would be a tough one to hold at this point AHS, you weathered major capitulation down to 20c and have rode it back this far, and perhaps are considering the current loss is not so bad after all given how much loss was there before? but should you sell? or should you double down?? perhaps you could find a way to hedge your position? Look at the conditions of the facility, and consider what the banks would have been thinking in allowing the variations, if they continue to let MRM burn cash they'd have more to lose than winding it up now, so wouldn't they wind it up and firesale everything? Seems if they got 1/5th of NTA plus cash at bank, they'd be close to being paid back or more so, sorry cbf getting exact figures. Even if SE Asia is underperforming at the moment for MRM, Consider the future for the industry in that region. They will be growing domestic demand for energy at a rate of knots and if the region looks to china's air quality I cant see them moving forward with coal or oil. Plus exploration for wells was/is ongoing in the region MRM just need to get in there. Gut feeling is that MRM will weather the storm. Also believe Management have done OK given the conditions. Still produced newbuilds - as they have to, and still afloat, with cash at bank. They indeed should be well placed to leverage the cycle turning, they have some nice $US based 100-500m contracts currently underway or are coming up soon(depending on your timeframes), and folks are calling the dollar to drop yet further, and while some of the debt is US not all of it is, and of course Aus shareholders will be taking profits in $AU. It's a tough one AHS, and actually perhaps really you shouldn't be listening to me or hotcopper! This game is tough when you're a spectator to events (as I am). Best Wishes.