Pretty hard to find any fault with these great numbers and the outlook for 2009 and 2010 looks fantastic. The results for the supply bases are the kicker here - historically always held MRM back.
The only thing that might require further clarification is the 30m jump in short term borrowings. I'm not sure whether this is ballon payments for vessels? not a biggie as there is a whopping 56m in cash - large chunk of this for wharf extension.
An investor roadshow will hopefully see the SP head northwards later in the week.
MRM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held