Sold and wait, page-8

2020 play, and that is with optimism. No upside immediately remotely possible. Immense oversupply in industry a huge overhang, no new contracts of time or decent $possible. Industry competition still on kill or be killed mode (inc operating contracts at a cash loss) and plenty of capacity to throw at that for some time still.

Best case scenario for MRM now is that as an Aussie supplier it has not lost as much technical talent in the downturn that others have done (and because of booming US economy many folks have all found jobs in other industries therefore not so interested in OSV industry). Work it out yourself.

MRM remains a high risk play still.

And never ever, with the sale of core assets to pay for excesses of the past, will it be the company again its founders envisaged.