hopefully you can continue to contribute to these threads - I appreciate your insights !!!!
while at present (imho) this stock is extremely speculative, and the risk profile doesn't match mine .........
it" may " be a tempting P.E. type target ...... I don't have any insights into what the debt markets are doing in the syndicated debt / paper of MRM .......arguably this is the "cheapest" way of playing the company .......
it will still need to be recapped (and their hasn't yet been any chg in substantials post the results annonc ........
will continue to be patient, as it remains a leveraged play to eventual rebound in oil prices............
what surprised me in the accounts (and have mentioned this previously) - is the provisions for non-payments of work done ...... I rekon this is how they are "rebatting" back to the oil co's - just to get work .........
enough ranting
rgds
V_H
MRM Price at posting:
22.0¢ Sentiment: Hold Disclosure: Not Held
