Happy enough with that. Kind of what I expected, 10 mil is a nice amount of coin to have in the account too. Liquidity as bones pointed out will be helped attracting bigger players a lot easier.
Managment obviously having suspended Merriden know something about the work readiness of the rig and the level of interest in the market re contracts. Nice to have the cash uncertainty out of the way and see the level of uptake from the corperate clients. Considering our average the week before the raise was probobly about 19c not too big a discount. The free ops may hurt my position on paper ST but a contract could see our SP double I reckon so its the usually ride you get with stocks, its never straight up. That would be too easy unfortunately.
Considering the dow was belted last night surprised we came out of halt today, but considering the market and reading the posts the news seems to have been quite well recieved. The proof of the pudding will be in the contracts.
Cheers Tretch
Add to My Watchlist
What is My Watchlist?