Let's wait and see on the various fronts.
I'm surprised by the strength at near 30 as well.
However at the moment oil is on the nose and while commentaries are conflicted re price direction, the hedge funds are betting down on balance. Perhaps as we see refiners in the US shut down a little early as refined inventories are high, we might yet see more POO weakness.
None of this bodes well for the near term for MRM.
I'm of the view if MRM does not impair their unused boat assets in next weeks then not impairing is actually more of a sign of worry than actually impairing.
MRM Price at posting:
29.5¢ Sentiment: Sell Disclosure: Held