tnks Jimmy_c, am glad to see you have thought abt this company on several levels ....
on working capital - you may wish to chk the "aging of recievables" and also "recievables" written off (circa 7m) ......I said previously that this looked like giving a rebate back to a major customer ........
I think the supply base is held via joint venture - you may wish to carefully chk the toll independent experts report ..........
as I have said previoiusly - the most likely outcome - is a large cap raise - underwritten by the 2 largest shareholders ......and the current board then exits stage left ........
the downside (to waiting) is a private equity offer for the company ........or private equity buys the debt off the banking syndicate - and then demands repayment (of which MRM woulnt be able to repay) .....
still waiting patiently ......
rgds
Value_Hunter
- Forums
- ASX - By Stock
- MRM
- Ann: Trading Update
Ann: Trading Update, page-51
-
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online