Following the logic below in relation to TDW Tidewater (they have an office in Perth...) I note in relation to 12 month share price history that:
Today, TDW trades at say 3.09. Their 12 month high was $15.69.
Today MRM trades at say 0.35. The 12 month high if MRM is 0.52.
TDW is the largest listed offshore company in the world. Yet, MRM paid more for the JAYA job lot fire sale than today's entire market cap of TDW.... HMMM
None the less if I apply your logic based on 12 month prices, back of the envelope suggests an MRM share price of maybe 12 cents? This is pre the needed capital raising for MRM.
