MRM 0.00% 33.0¢ mma offshore limited

Their market cap cannot sustain a relevant capital raising and...

  1. 197 Posts.
    lightbulb Created with Sketch. 3
    Their market cap cannot sustain a relevant capital raising and who is going to buy in to a raising in a company in a market with diminishing returns and an unsure future? Surely that is plainly obvious to you and everyone here? A cap raising won’t accomplish anything. They only way out of this is for conditions to improve and activity to increase. And no one knows that answer.... MRM have enough cash to wait it out for another year - probably longer. If they continue to have positive cash flow the banks will give them room (like they do for everyone else) If they go to negative cash flow territory then the only important question to ask is how much cash can MRM get from selling their new vessels in this market?
 
watchlist Created with Sketch. Add MRM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.