It seems that the instituitions were all over MRM like a cheap suit to get a piece of the action thus the 36m raised over proposed 25m. It has to be said that this has been a very successful placement. I'm sure that Weber and his team would've been talking up the future MRM prospects over and above the investor presentation.
The fact is that MRM have cornered the construction vessel market by effectively delivering quality service. They have now unlocked the Supply Base beast - again they have an asset that others are willing to pay handsomely to use.
I too look forward to the SPP in June.
MRM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held