Could do no-one knows.
To be fair management flagged tough trading conditions for this half in late 2015. Now they predict a recovery of sorts in early 2017 but as you say immediate future looks bleak.
That would be the safest bet, the only question is will they trade through the tough times ok. We are still using oil.
The industry is not shutting down, this is not the newspaper business.
Mermaids, page-44
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Last
$2.69 |
Change
0.010(0.37%) |
Mkt cap ! $1.019B | |||
| Open | High | Low | Value | Volume |
| $2.68 | $2.70 | $2.68 | $20.99M | 7.818M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4462477 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 695913 | 14 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| MRM (ASX) Chart |