Whenever a company is under pressure -as in this case MMA - it is time to reassess trading policy and renumeration to directors
It is my opinion that MMA will continue to languish at these levels or lower
If you look at history of my posts on the subject of doing business out of Australia with the big boys, I was always of the opinion - it would be a big mistake
The CEO was always of the impression that expansion overseas was in the best interests of the script holders and only way of growing company
Well as we can see he has got it all wrong
The Singaporean marine facility lease expires in a relatively short time (until 2021) and from my research - Singaporean government will not be renewing this lease.
The above are my thoughts and not investment advice
MRM Price at posting:
62.0¢ Sentiment: None Disclosure: Not Held
