I agree with one of your sentiments Lara, that it's still a significant business. However, other business units are related to mining and mining services, and plenty of mining services companies are reporting a slowdown, how do we know MCS won't report a slowdown also ?
I'm also very skeptical about the company in general, in particular the reasons they floated, which appears to be only to pay down debt and pay for the cootes tanker accident. Sort of reeks of desperation and dodgy business practices.
They must of known about the Cootes tanker defects, yet they chose to keep it a secret, what else do they know and are keeping it secret ?
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