my 2c worth on mmr, page-6

Sleeper 88,

Impressive.

I did not take that you collated your thoughts for, as financial advice at all - thankyou for sharing it.

I have my own (very similar) figures with very similar 'fully unrisked' $values.

My 'fully risked' value assessment came in at a tinkle over $8-00. I am not a financial advisor either, i simply worked with the same low estimate - high estimate if and when scenarios. That sliding scale makes it easy to guage if the share is over or under valued.

From here until the 6:30pm, 28/9/2002, i see two price directions as possible - above or below 50c of course.
The chances of the latter occuring are better IMO, due to about 5 externals -
1) Rising global oil and gas Prices
2) Coming institutional/broker/banking valuations
3) Rig contracts will be extremely popular among the
service providers due to the nature of their client and
its ties with "Govt" and perceived certainties will
spell longevity for any business receiving the contract
etc (psychological synergy); size of contract; industry
status quo, should all provide for competitive quotes.
4) Terms/votes being passed/SPP announced in detail, MOUs
set in stone etc
5) Investor and/or media momentum leading up until the
27th Sept.

The word is still getting rounod, but only strong volume would see us hit anything like $0-80c -$1.
I think that any possible growth up to 68 - 77c will be normal and in many cases expected by the chartists who may forsee some indicator. I think that anything under 49c would be unrealistic (highly unlikely) and that we should see consolidation of between 54 - 60c this week , which should hold on avge until late Sept, unless ann come out.

Lautrec

Cheers.