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The time to question the Jaya acquisition was when it happened....

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croasian

2,211 Posts.

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28/06/16

14:02

Post #: 18141424
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Originally posted by West Coast ↑

Villified with golden handshakes and bonuses for increasing revenue by simply buying a flee ridden dog.

The positive for SGH and MRM; Risky debt is now normal for governments and stocks therefore the banks have no choice but to continue backing these companies only closing the worst of the worst. MRM is not a bad company besides the debt. If most over debted companies where forced into admin now we have the banking crisis of the century. Hence why Atlas Iron managed to get the banks to reorganize the debt in their favour. Atlas should have gone under, survived because the banks can't afford the loses in one hit but will still receive on going debt payments with interest. Better than nothing and if they wound up Atlas their is very little to salvage only mining equipment and red dust.

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The time to question the Jaya acquisition was when it happened.
It's not super relevant to the question of what to do next.
There's no risk of them making any large aquisition any time soon.

MRM Price at posting: 30.8¢ Sentiment: None Disclosure: Not Held
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