Yes, tks Anti, I think we are all aware of what can happen.......and this applies to any company listed on the ASX.
It is difficult maintaining an air of positivity when the odds are stacked against you but are they? I have listed some brief bullet points on what, I think, is positive for MRM:
1. OPEC cuts/freeze to supply.
2. Rising oil price.
3. Modern diversified fleet ( recent new builds ).
4. Close relationship with Australian Unions/Seafarers.
5. Provider of choice in Australia / NZ.
6. Good safety record.
7. Geographically positioned in the areas with most potential ( ME and SE Asia ).
8. Strategically located supply, mobilisation and ship yards which also provide an additional diversified income source.
9. No specific mention of need for Cap Raise ( intending to ride out the storm? )
10. Selling surplus assets.
11. Cold stacking vessels is , almost, cost free.
12. Support from large investors who are aligned with this industry.
13. Competitors going bankrupt or closing down their businesses.
14. Small band of supportive retail investors who won't sell out and likely to support a Cap Raise, if required.
MRM Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
