Fair Comment Jackgreen. Lets see how the CR pans out but be ready to get lawyered up in a class suit in the likely event it fails. ASIC can pick up the job once it goes to court whether they like the workload or not. Unless Neptune Marine has enough work to actually tread water for a while till it can get back on its feet its pointless avoiding the inevitable and throwing money that could be used elsewhere to actually try and recoup losses. Just hope if it goes under its by June 30. The management are going to have to work very very hard to convince people there is life in this company yet. Are they still tendering and are the tenders being taken seriously considering the amount of negative press brought down by an all but botched CR at well past the 11th hr. ? What "primary workload exists " and can it stem the cash flow out of the company? Surely this overmanned wreck has to lose some staff (upper managent)and what actually are the two boats doing. If C Lange is to be believed (????) they are in the Timor Sea and Off the SE coast of Australia.. not Darwin and Singapore paying berth fees. Just how long does 60 million buy this company ??
NMS Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
