Re: NEPTUNE MARINE - ANY MORE INTEREST
Comments from the Ferret with respect to the recent rise in NMS and NMSO price. So hopefully we get some news this or next week.
ETrade 1/12/04
NEPTUNE MARINE SERVICES (NMS) has the announcement caper well under control.
In each of the past two months it's made a generally little-noticed, but a share-price-transforming announcement nevertheless, in the first week.
And, guess what ... it's the first week of December.
Listed in April the 20c shares were a losing proposition for original investors when they traded at 15c and 4c for the 1-for-2 free options on opening day.
The stock continued to struggle until October 7 when it announced that its technology (for underwater welding at less cost than more conventional wet welding) was to be assessed during October by major overseas oil and gas and shipping line interests.
The shares shot up from 15.5c to 20c.
The next big boost came on November 8 when the company announced it had secured its first military repair contract for the use of its "Dry Underwater Welding Technology".
"Although relatively small in scale, and only two days in duration, the project represents a major milestone in the application of the Neptune Technology into the significant military market," the company said.
The shares rose from 26c to 31c.
The price has continued to firm, closing at a record 45c today, with the options touching 28c.
Neptune also said that the "securing of the contract is considered an important breakthrough for the company in the global defence market, which has significant potential for the application of Neptune's technology, and comes significantly ahead of time in the company's commercialisation timetable".