With the total and utter shambles which unfolded at West Atlas it brings home the vulnerability of all who are active in this off shore activity.
A careless weld a fractured seal any number of latent pitfalls lie in wait for even the most careful and conservative operator
what happens to a minnow like neptune if one of their personel or jobs fail in a subsea operation.
I am a mid sized holder and I am now reconcidering the risk factor which applies and has now been amply illustrated, so am not surprised at the markets reluctance to accept totally what otherwise appears to be a winning story with this Company.
NMS Price at posting:
76.0¢ Sentiment: Hold Disclosure: Held