Gee whiz Elton, got busted. It seems a lot of posters associated...

Gee whiz Elton, got busted. It seems a lot of posters associated with MRM get suspended for some reason or another (not that there is a link. Hopefully Jeeper has had plenty of golf time while on sabbatical

Now in regards to putting your money in the bank and receiving 8% over a twelve month period - lets compare Mermaid Marine's share price over the last 12 months


$1000 in the share market 18/12/08 through 18/12/09 would be worth just under $3000 today, including a fully franked dividend. A return of almost 200%

$1000 invested in the bank for 12 months would be worth $1080 on maturity


If you do the maths it can be see there is a big difference in earnings

So lets look at investing in MRM for a further 12 months. My assumption is a 50% return given a current price of approximately $3.00 (end of calender year 2010 $4.50) This

I prefer to remain in Mermaid Marine Australia than investing in bank interest

As always the above comments should not be taken personally and not be construed as investment advice