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clock Created with Sketch. 26/05/15
11:16
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Originally posted by sammy72
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MRM is still generating strong operational cash at these levels, with high depreciation. Unfortunately, it is all committed at the moment to the new vessels under construction. (Look at the annual report presentation. Cash at bank went from $143.5 million at 31 December to $140 million now despite the fact that there is $39 million of capex in this half year to June 15).
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Agree debt is a risk at the moment and with aud/usd move since Dec, just hope they have plenty of USD receivables to match.
