MRM 0.00% $2.68 mma offshore limited

Has the Mermaid hit the sea bed yet

  1. 12,825 Posts.
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    The Mermaid continues to go to depth not seen for several years

    With share price hitting low $1.60's from a high of $4.20's not so long ago - one would be curious as to the reasons of amazing spiral

    JAYA JAYA JAYA

    The company in my opinion has bit off more than it can chew and stretched resources very thinly

    Having said this - one would ask the question "has Mermaid hit the sea bed yet"

    I am just about ready to dip my feet back in - with the idea AGM being scheduled next week - one could imagine a spike up before meeting

    My thoughts of a short term buy is on the menu

    The above is my opinion and should not be construed as investment advice
 
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