Some good posts recently. GKB appreciate your insights...

Some good posts recently.

GKB appreciate your insights especially.

It's very tough times. While I like a lot of people believe in MRM and like it too it's a troubled company now.

I am of the option asset write down is a matter of time, likely not much time. MRM simply can't maintain book value given such low day rates and utilisations, and the black boats, given the numbers published by competitors, impairment (of the boats) has to be a near certainity.

In just last couple of days I'm becoming a bit worried as I see more data. Perhaps a cap raising could be on the cards.

Perhaps an alternative could be a sale of the supply base? This is a good asset.