MRM 0.38% $2.62 mma offshore limited

It's becoming a pattern....huge opens and sells down during the...

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    It's becoming a patternhttps://hotcopper.com.au/data/attachments/6008/6008387-e3a247cf8cb11d9e51a8031a83bca50f.jpg
    ....huge opens and sells down during the day

    I've decided to cut my position substantially when this crosses $2.35, having invested in this company in 2021 at 30c to 40c my view was 2x NTA would be around $2.2 to $2.4

    NTA has continued to move higher as the cycle moves upwards.

    i think there's better asymmetry switching from MRM to the drillers like Transocean and Valaris.

    good luck everyone! I'll enjoy the ride with a small satellite position in MRM going forward


 
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$2.62
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4 22376 $2.62
 

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