Your point to 10 vital. Any idea at how far below book value assets are being sold for? The current share price may already reflect the expectation of big asset sale discounts or a possible share dilution.
One more point supplementing your point 13: This industry has virtually stopped all production (supply) of new vessels. At some point in the next 5 years there may well be a shortage of vessels again.
MRM Price at posting:
28.5¢ Sentiment: None Disclosure: Held
