I have bought a few and want to learn more about the business, the shareprice I can check any day and choose to buy or sell so maybe let's not talk about it.
It doesn't mean anything, just that two anonymous people made a trade. I don't know which was the savvy one just from fluctuations.
A few things I need to find out about Jaya, it does seem like it's weighing on results - some have said a major mistake by management and its hard to argue against that (although hindsight vision is 20-20).
The boatbuilding capacity is interesting, I wonder though - surely there's not much demand for new vessels at the moment.
The new ones for the INPEX Ichthys are going to be great from next year but are the build costs weighing on free cashflow?
If the company can survive the next 12 months intact then there seems evidence that it will prove attractive at these prices. I really want to see if I can come to a conclusion on this.
I will do some annual report sleuthing and see what comes up.
MRM Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held