Ann: UBS Australian Emerging Companies Conference, page-3

possibly.......

however.....new contract wins - and yet no inc in forecast earnings .......

will still be flat-out paying the interest bill .......

which implies - it may do another cap raise in 2019/20 (loooong way away's) .....

still excess vessels, which means day-rates wont rebound quickly .......

so, an inc in utilisation (+ve), but no inc in margins (-ve), and still a shitty bal sheet (imho) ....

the other "positive" is that the stock has "tightened" via purchases by 2 well-known instos ....

rgds
V_H