BLV 0.00% 1.6¢ blossomvale holdings ltd

With the total and utter shambles which unfolded at West Atlasit...

  1. 151 Posts.
    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.
 
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Currently unlisted public company.

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