Ann: Capital management update, page-27

Management IMHO we’re never **not** listening. In my reply to a poster on 16 Jun, I stated (as frequently also advised by the company) that they had many options, buy back, debt reduction, dividends, sale and/or purchase of equipment or indeed another company IF the situation presented itself. Management has proven to be flexible and transparent in their decision making ability and to make wise decisions on behalf of the owners of the company. This was evident way back when they sold the old drilling machines for gr8 prices and had the foresight to order the new rigs, and that’s why I bought in !
It’s nice to have options, and flexibility such as the directors have at the moment, but what many forget is that to be in that situation takes prior preparation, foresight and planning. Thanks to MSV management, we are in the current situation….. how many other companies would like to be virtually debt free ?