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14/05/15
13:22
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Originally posted by antibotter
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Randymac
I have owned this stock for many years - watching it grow from a 27 cent to $4 odd dollar a share company
I entered in about december 2003 and exited completely exited in 2012
I have seen the company grow from an infant to a child to a teenager to an adult
Gorgon and Wheastone were on the drawing board way back then - cannot remember how many boats but they were in the single digit range
The marine base was not developed and the company had I think around about 150,000 to 180,000 shares on registry
I exited way before the Jaya acquisition.
The company purchase was a complete surprise to institutions and sophisticated investors. It paid for two bases and some boats and contracts round about the 550 million mark
The company is trying to sell off its excess used by date marine vessels. Without much success in this weak market
What MMA was 5 years ago and the amount of upside in growth is completely different to what it is today
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first post from you A.B.that I agree with . MMA's chances for growth are much higher now as they are not tied into just one market. They could not of bought Jaya at a worse time but in the long run, it will end up all right.