Why is this announcement so light on details? The announcement seems to be deliberately vague to me. Is MMA providing a total of six of their own vessels, plus extra subcontractor vessels? Or does the mentioned six also include the subcontractor vessels, and if so, how many of the six will be MMA's own vessels?
If MMA is only supplying one vessel with the other five being subcontracted then not much of the $20m contract value will flow to MMA's bottom line. However if five of the six are MMA's vessels then it's probably a good win for MMA. The devil is in the detail of course, but if they are being this vague I can't see much of the $20m going to MMA.
Yes, a glass half empty view.
MRM Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
