clough gearing for gorgon, page-5

CLO and MRM got some sort of partnership (apart from
CLO holding 10%+? of MRM).MRM has ship refitting facilities and provides other services,like pipe stringing etc.on Burrup Penins.They also have a number of boats and tugs.MRM did badly last year,I put it down to bad mngmnt.CLO had plenty of contracts before as well and manage to lose a lot of money,bad mngmnt.IMO.
Now they got a new chap on the block who is yet to prove himself.Having contracts doesn't mean money in the pocket.
I held both (didn't make me too happy),none currently.
Sour grapes?Maybe.

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