Gee whiz Elton, got busted. It seems a lot of posters associated with MRM get suspended for some reason or another (not that there is a link. Hopefully Jeeper has had plenty of golf time while on sabbatical
Now in regards to putting your money in the bank and receiving 8% over a twelve month period - lets compare Mermaid Marine's share price over the last 12 months
$1000 in the share market 18/12/08 through 18/12/09 would be worth just under $3000 today, including a fully franked dividend. A return of almost 200%
$1000 invested in the bank for 12 months would be worth $1080 on maturity
If you do the maths it can be see there is a big difference in earnings
So lets look at investing in MRM for a further 12 months. My assumption is a 50% return given a current price of approximately $3.00 (end of calender year 2010 $4.50) This
I prefer to remain in Mermaid Marine Australia than investing in bank interest
As always the above comments should not be taken personally and not be construed as investment advice
MRM Price at posting:
$2.77 Sentiment: LT Buy Disclosure: Held