Hi all, haven't commented on MRM threads for a while, but have been quietly following along to see what might happen as a former holder.
One thing I haven't read much about outside the chest beating about whether MRM will make it as a going concern is what people are expecting in terms of upside if indeed it can repay its loan instalments and fight through until a rebound in oil happens?
What sort of return are you guys hoping for? An SP of 60 or 80c if it genuinely re-rates?
Still seems like a lot of risk when it could be a zero return game, and if you are only hoping for a SP in that range i'd rather find a good thing at Flemington to double my money.
Anyone have a different price target based on NTA or future earnings?
MRM Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
