So the latest results indicating they are still burning cash,...

So the latest results indicating they are still burning cash, tho at reduced amounts. The same can be said for US competitor Hornbeck Offshore for example.

Hoping to get to cash breakeven this year MRM state.

I feel that MRM is in a better place than overseas competitors as the Aussie market. But...

The real question I have is go much upside is there in this stock? With no supply bases and less vessels than before, what could MRM be worth at top of cycle? I’d be very interested in views on this, as I speculate it’s not as much as we would think and I further think it’s current valuation of 24 ish cents is overvalued anyway.