How much do you think the Singapore yard would fetch and given that shipbuilding operations have ceased do you see it sold as a going concern?
Thanks VH and other commentators, we can only speculate but it seems pretty legitimite to do so..
I am reminded of the people who thought STO would sell PNG LNG. Selling off the crown jewel seems drastic but from 30c a share it would probably still be a good outcome right?
It didn't happen at STO and I think these guys have a good chance of finding a better option also.
Any ideas on what that may be are of interest.
Probably miss out buying cheap but in my experience companies often remain cheap after a recap announcement (of whatever form) even after the risk is gone.
MRM Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held