4 cents, page-12

monsterstock - it is just speculation because MTQ saved NMS by buying 15% of NMS about a year ago and have recently notified an increased holding of 17% and may have been buying more. All in the announcements.

If MTQ thought it was worth saving NMS from the knacker's yard and considering it worth paying 5 cents at a time when NMS was on the skids and absolutely desperate for capital, I'm guessing they are still happy with the investment to have been snapping up what has been offered since then at well under that price.

A year or so has passed since they took the first big plunge and poorly performing parts of the business and vessels have been flogged off cheap and the new CEO seems to have a sensible approach to business - organic growth from the retained well-performing segments and better relationships.

I'm just guessing it makes sense to buy the whole thing, but it may not make sense or even suit MTQ - I don't know anything about them. There hasn't been any announcement or even published commentator speculation about it that I've seen from anyone except a few fellow-speculators in that direction on HC.