They are grinding higher for a few important reasons EP.
Firstly, MRM has built a reputation for reliability and good service in the industry with a good safety record.
Secondly, it is very difficult for competitors to access and compete in the Australian market. MRM have significant experience in working with Australian crews and Unions, this benefit can not be overstated. Additionally, they are the only company to offer the whole supply train solution for customers with their strategically placed facilities in Dampier and Broome. This is particularly beneficial in the construction phase when on/off take wharf space and storage capacity become an important factor in fulfilling the customers needs.
Thirdly, they have a modern fleet covering many different classes and capacity.
MRM Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
