mermaid to break through $3.00 once again!!!

The Mermaid story has not changed


There was no reason for the share to dip below $3.00 on Friday

Mermaid Marine has been north of $3.00 for relatively extended periods of time on two occasions .Tomorrow it will be a case of third time lucky, and its next target price will be $3.30

Most of my thoughts on Mermaid Marine over the last several months have become reality, sooner rather than later.

The dynamics in the industry are changing all the time.

The only new predictions I am making for calender year 2010 in regards to Mermaid Marine are


# IT WILL BE SUBJECT TO A FRIENDLY TAKEOVER

# THE SHARE PRICE WILL BE IN EXCESS OF $4.50 (based on my research)


A very important contract going forward is the Geokinetics agreement. Mermaid is still in talks with the company. However I believe it is just a matter of time before, the scope of work is signed off on, and it is disclosed to the ASX



Once again the above comments should not be taken as investment advice