In it you will find an report of a job in GOM, that they deemed sufficiently important to make special reference to.
Which job are you referring to there Alba? The $3.4m GOM job was announced to the market on the 25th of March.
Part of the latest pattersons update....
NMS has reported its 3Q cashflow statement and operations update.
Receipts from customers totalled $21.7m ($56.4m year to date). Receipts from customers in the first two weeks of April totalled $5.3m.
Net operating cashflow was $0.5m ($4.9m YTD)...
Make sure you read it carefully. That cashflow of $4.8m is for the 9 months year to date, not just this quarter. This quarter was only $518k, which to me probably explains why the share price has not moved more.
This could be because of investment in upcoming projects, I don't know, but it...
He has already announced two acquisitions. Sea Struct and Ross Deeptech.
This capital raising is to pay for those and, I would assume, the 3 ROV's they said they are ordering in the AGM presentation.
Alba,
It is not normal for a company to be trading while they are organising a capital raising.
We know they are organising a placement, even though they haven't announced that, but you don't have to be Einstein to work out that is what they are doing. The fact is, we don't know how...
Just to clarify, a member of another forum contacted NMS on Wednesday. Kim Hogg, the company secretary, returned his call and he was informed that the announcement would be next Tuesday.
If the AFR article is accurate, raising $30m would not be something you can do in the space of a day...
Anyone keeping this up to date? I know doc is O/S, but I thought someone had volunteered to take on the arduous task.
Not that it bothers me, because I doubt I would still be near the top, but would be curious to see how it's all going after a couple of months.
Go Woy Woy!!
Sorry Baglimit. Must be hard to accept that you are being beaten by such an amateur like myself!!
Better luck next year. Concede defeat yet?
And to think the one I thought would do the best out of those picks (CEO) hasn't moved yet. It's gonna be a great year!!!
Thanks Doc. Mine are correct too.
Personally I think you should drop the dividends. This is just meant to be a bit of fun to see who can pick the stocks with the biggest gain in the year.
Really, how many of the picks are paying dividends anyway.
Good luck to all.. Should be a bit...
PS CEO was floated by Marketech. Check it out. www.cnow.com.au
It might miss out on the Jan. tipping comp, but if there was a yearly one, I reckon it would be a shoe in. Only floated last Tuesday.
Merry xmas to all.
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