Well well well, three holes in the ground. Interesting times...

Well well well, three holes in the ground. Interesting times ahead for MRM. Past 6 months shorts have gone from 14% to now be around 7% I believe, I wouldnt be surprised if the rest were banking on a debt convenant breach or at least a crap raise before closing their positions. Hopefully this can be avoided. There have been number of positives for MRM over the past year, though the delay to the start of ichthys is still troubling. Hopefully Woodside and others will take the long view for gas with regard to FID, and I'd bet the WA govt will be tripping over itself to provide whatever incentive it can!