With respect Pardner , the unencumbered assets of any company...

With respect Pardner , the unencumbered assets of any company are paramount in any take over bid , and not all of MRM's assets are ships . The Dampier supply base alone is worth more than the present market cap . There are at least five categories of valuations that must be met to calculate a companies true value . A return of $55 ml NPAT which is quite moderate for MRM along with the companies assets as well as solid future earnings would a share value of between $ 2.5 to $3.00 . All of this is well within reach when o.p. rebalances . However if you can find something better , let us in on the secret , if not , then let it go man......