I think MRM is a good company, but there is now too much they are not able to control.
I think the shorters have this one right as the associated news re the half year and asset impairments that I think will come, do I think, mean that the share price is likely to half before it doubles (from where we are here).
Pure speculation from me, but it feels like the price is being allowed to go up, just so money can be made when she goes down big time. The current trade percentages to the shorts could suggest that?
All IMO and DYOR.
MRM Price at posting:
43.0¢ Sentiment: None Disclosure: Held