heading for next resistance level of $2.10 ?, page-11

I WILL REPLY TO EACH OF YOUR COMMENTS ONE BY ONE


"I still think that MRM are in the wrong ASX stable / category (Transport)".

MRM ARE IN LOGISTICS- THEY HAVE SUPPLY BASES, STORAGE FACILITIES AND BOATS THAT ARE USED FOR TRANSPORT AND THAT CATER TO THE OIL AND GAS INDUSTRY

"MRM was caught up in the AIO debt earlier in the year".


WHAT DO YOU MEAN "MRM WERE CAUGHT UP IN THE AIO DEBT EARLIER IN THE YEAR" MERMAID MARINE AUSTRALIA HAD NOTHING TO DO WITH THE DEBT OF AIO

IF YOU MEANT TO SAY MRM RAISED MONEY THIS IS TRUE. HOWEVER THEY DID NOT RAISE MONEY BECAUSE OF A DEBT ISSUE. IT WAS SOLELY RAISED TO FUND THEIR EXPANSION.

From memory MRM went back to 65cps"

YES MERMAID MARINE AUSTRALIAS SHARE PRICE DID GO TO 65 CENTS. THAT WAS DUE TO PANIC SELLING. DID NOT THE WHOLE MARKET EXPERIENCE FREE FALL. THERE WERE A LOT OF INVESTORS THAT JUMPED ON AT THIS PRICE AND ARE VERY HAPPY TODAY. HERD MENTALITY CAN BE A BUYING OPPORTUNITY. IS THAT NOT WHAT WARREN BUFFET ONCE SAID

"There is no point in comparing MRM to NMS"

YOU ARE RIGHT IN SAYING THIS. HOWEVER IN ALL MY COMMENTS POSTED ON HOT COPPER NEVER DID I ONCE COMPARE THE TWO COMPANIES

"and the dividend makes diddly squat difference.

WELL SORRY BUT I BEG TO DIFFER. I WOULD RATHER OWN SHARES IN A COMPANY WHICH HAS MASSIVE GROWTH AND FULLY FRANKED DIVIDEND RETURNS (EST 2008/2009 - 5.28 CENTS) MY ESTIMATION FOR THE 2008/2009 YEAR COULD AT LEAST BE CLOSER TO 10 CENTS

"The 2 companies are incredibly different from each other in tems of services offered, customers and more the make up of their respective balance sheets (essentially assets)"

I TOTALLY AGREE WITH THIS COMMENT. THE TWO COMPANIES ARE LIKE CHALK AND CHEESE. HOWEVER SAYING THIS NMS ARE LOOKING AT OWNING BOATS AND IN THIS CASE......

"They do however compete in the same space for capital"

YES THEY DO, HOWEVER IF MRM WENT TO MARKET FOR FUNDS, I AM SURE THE LENDERS WOULD BEND OVER BACKWARDS TO ACCOMODATE THEM. IF THEY WENT TO THEIR SHAREHOLDERS THE SAME WOULD APPLY - AND IT WOULD NOT BE AT A DISCOUNT TO THEIR CURRENT SHARE PRICE.


ONCE AGAIN I CAN ONLY ADD THAT THE ABOVE COMMENTS SHOULD NOT BE TAKEN AS ADVICE TO INVEST IN SHARES