My understanding is that after the sale of the Australia bases and slipway, the banking syndicate being paid and won't call again for another 2 and a half year.
Couldn't we infer from that, that the bank do have some confident in the company? That and without having to pay any more debt repayment, whatever MRM manage to earn from now til then it can pay itself and put towards the debt repayment?
The only thing that could have forced a capital raising or bankruptcy was the bank calling in their debt. Since they're not going to do that now, and we know this for a fact, beside running all their ships into the ground and not having any more work to pay the operating costs, it's hard to see how MRM could go bankrupt.
MRM Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held