We ARE moving in the right direction and have done so...

We ARE moving in the right direction and have done so consistently for past 7 days despite the general mkt fluctuating wildly. Feel a bottom was reached at 27c. SP has consolidated and now gathering steam as punters realise the unquie edge NMS has over all other engineering stks on the ASX. Worth repeating that NMS installs, maintains and repairs offshore oil/gas facilities that have cost mega dollars and simply cannot be allowed to run at anything except max effeciency.
One dosen't shut down an offshore oil platform coz the POO is $44. However, a zinc mine losing money at current low Zn price will usually have no option but to stop mining.
Ore miners have high operating costs with drilling/blasting/transporting/crushing/refining etc. With oil/gas the vast majority of cost is in the initial investment. Once the platform/pipeline is producing the running costs are low. They essentially have to pump the stuff into a ship. Hence, no oil company would contemplate leaving a production facility running ineffeciently. It dosen't make economic sense.
The low oilprice will delay construction of some new platforms offshore as CAPEX required is massive. Hence, while NMS is not unaffected by POO it still has plenty work booked in with current energy producers. It has few competitors and margins are high.