MRM 0.00% $2.69 mma offshore limited

I had a little flurry with MRM. I like what the company does....

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    I had a little flurry with MRM. I like what the company does. Expanding reach of the company seemed good when prices of oil were higher, but the price is not that low at the moment ...65$ for a barrel of oil is a lot of money....and people are not going to stop producing it. Services will continue to be needed.
    That said the old adage....competition dictates prices....will prevail. So who can out compete MRM at Broome or Dampier. ?
    Not many. If you need to go into port for supplies or servicing....these places are your choice in the region. Are their places in Singapore or nearby that can compete? Would be good to know just how flexible MRM must be .
    Certainly they state in the ann. that profits will be hurt later this year. This certainly puts a cap on the price. And obviously people more knowledgeable than I were shorting as a result of their knowledge of the industry. Until they start buying...I can't see the price rising.

    Question...Can MRM service their loans payments with today's profits?
 
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Currently unlisted public company.

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