Thanks input, penny has dropped re interest payments.
Regards overcapacity I'm not able to provide a industry census number aside from various competitors reported results but as I've stated before i would be amazed if MRM reported over 40 percent on a boat by boat basis. It might be a slightly higher financial utilisation ratio with newer boats working and older ones stacked. That's still an optimistic number tho. And even worse when those new boats are on such low charge out rates.
Agreed once again best to watch this one from the sidelines now as she re bases herself.
BTW all I take no pleasure in the lower share price now and coming and the impact it may have on holders but I did try to communicate what I saw in an honest way. I'm not short ...
MRM Price at posting:
34.0¢ Sentiment: None Disclosure: Held
