Our shorting was at 7% last week. I'd expect it to be higher still. Does anyone know how often/soon substantial holders have to report their holdings?
I think west coast is referring to a 1/2 year dividend being at 5% of the share price. Though I would rather they give back the lower end range of the dividend payout and pay off some debt.
Also one thing no one has mentioned - What about the ability to reduce their capital expenditure? Eevryone is focusing on oil companies reducing costs, but Mermaid can cut costs too and focus of maintaining their fleet or selectively disposing of ships.
Another question - What would the huge volumes of today and yesterday indicate?
MRM Price at posting:
80.7¢ Sentiment: Hold Disclosure: Held
