My internet connection was a bit dodgy ... I thought I heard "lower gearing" but thought it was my internet connection ... and he said it with a degree of forcefulness and confidence; my reading from that is:
1. Certainly no dividends (but I'd already reached that conclusion)
2. Something better in the operating performance; better asset sales or better cost savings or deferred capex payments in 2017 (which is just "smoke and mirrors"). This says EBITDA has to be better than $75 to $80 Million!!??!!
Just to make the points ... I hold MRM, have lost a lot of money and have called for Weber's head in other threads, singularly for the Jaya acquisition ... However I thought it was a pretty strong performance under the circumstances. MRM can wait out another 1 to 2 years of this. The underlying issue is the oil price!
MRM Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
