Did you read Tidewaters latest report. Including that they are likely in breach of their bank terms and that they are having difficulty getting sign off on their accounts as due to breach of debt terms?
MRMs bank terms are unlikely but likely they (even in relaxed form) are based on a backwards based multiple. So will know after 30 June.
I did not say MRM is going into receivership but from what I can see in the industry, it's certainly not a possibility that should be ruled out.
Indeed MRM could find itself like Tidewater, coming in right on the knifes edge of receivership this 30 June. Which way it goes, I don't know, but it's going to be a very close call.
However you stated previously that MRM had survived. What evidence is there of this?
MRM Price at posting:
40.0¢ Sentiment: None Disclosure: Held
