four days till agm -will christmas come early?

Will christmas come early for holders of Mermaid Marine Australia

It would not surprise me

At the last AGM of Mermaid Marine Australia, the company forcast guidance yoy earnings of over 40%, six months ending December 2009

My expectations are high for a minimum repeat performance given that guidance for first half 2010 is made public at the AGM

The last 12 months has seen MRM mature into a serious player in the oil and gas industry in Western Australia

There has been increased activity in vessel utilization and an explosion of growth in Supply Base activity

With the monies spent over the last year and a half on the base infrastrucure, earnings will increase and be a larger proportion of total profits for the company

Having said all that, the future is looking extremely bright for the company

We shall open our presents early on the 26th of November

Any shareholders involved in the company should attend the AGM if possible

You will be pleasantly surprised

The above comments should not be construed as investment advice