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33.0¢ mma offshore limited

Chart has short term potential, page-448

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ckchristian

1,759 Posts.

204

17/06/16

14:23

Post #: 18057874
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Originally posted by Austinhealeysprite ↑

Hi Bystander.

My thoughts are same as yours and that is that it's not time to buy in yet.

I was studying another competitors disclosure recently and they cited a job they were tendering for in SE Asia.

For this 1 job for 1 asset, there were 10 competitor firms, tendering a total of 14 assets.... This kind of example shows the intense competition and shows why assets are still going into stack (storage) as contracts roll off faster than they roll on.

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It's definitely interesting times... shorts are loading up again...

I feel it can go anywhere from here though. Hopefully an announcement that covenant issues have been sorted and details about ongoing capital comes out soon.

MRM Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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