Amitabh recently predicted MRM decline perfectly. I wish I'd sold when Amibit indicated...
I'm interested in Ambits perspective re where we stand now.
My opinion is if MRM can survive it's a huge opportunity. I think they might... But if they don't, can't, or and forced by a lender, then a cap raise at today's share price, should that even be possible, would be massively dilutive to current shareholders. In summary I think the positive case is brilliant but the downside case is drastic.
MRM half year results can't be far away and I await them. In the meantime I'm getting eye out for Gulfmark Offshores quarterly update re utilistation rates and day rates, especially re Asian market.
Amitabh, once again appreciate your thoughts re where MRM is at now and your thought re the near term.
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