uk based sub sea engineering, page-14

It is not really the rates, it is just the credit "freeze" making it impossible for many to get the finance for their new mine or whatever.

This problem does not apply to NMS who will have no trouble getting a paltry $10m to complete this purchase.

NMS has a strong revenue stream and a very strong book of projects. The ships, the ROVS, the work is all lined up in a sector (O&G) which must continue to expand.

NMS is not highly-geared, has good cash-flow as well as great (and accelerating) revenue and so far, excellent management.

I am thankful that Christian expanded so quickly and that these quality acquisitions are each performing beyond expectation.