I know how everyone on this thread feels. Sometimes you just need to write down your analysis when the price seems too far off your calcs. I've never put this much money into a small cap before, nor done this much research and due diligence. So its good to see others as crazy as I. And PPT coming back on board is quite a confidence booster.
I had considered, but not thought about the cost of fuel being a significant cost saver for mermaid's fleet... I believe operating costs were over $300m last year. So assuming 20% of that is for fuel. And a conservative 30% reduction in price would result in savings of $42m.
I think this next year's results could be huge if that were the case
so why isnt the CEO putting his hands up for more shares, page-22
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Last
$2.56 |
Change
-0.080(3.03%) |
Mkt cap ! $970.2M | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.63 | $2.52 | $37.73M | 14.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 76192 | $2.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.57 | 214459 | 5 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MRM (ASX) Chart |