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
tnks Jimmy_c, am glad to see you have thought abt this company...
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