theory on lack of activity, page-5

Relax Cedar - your eggs will all hatch. Another big job in GOM and all the great remarks in the ann are fantastic for holders because it validates our view of what is going to happen. Nicely worded too.

However, for those not off the sidelines yet, it is still integration of the acquisitions, without coming a gutser on revenue flows or logistics, etc. that is the big ticket item and that can only be progressively revealed in the books and the activity statements.

I suspect there may not necessarily even be a sudden sp leap - just an inexorable and satisfying upwards movement gaining speed and momentum as time passes and more activity reports emerge and the company gets better known, bigger and busier...and tremendously profitable for us. Although it may reach a stage where it sticks out like the proverbials and rushes a fair bit - maybe a series of big jobs will have that effect.

The disadvantage of this is it tries the patience, especially if all your eggs are in the NMS basket.

For me, slavering over junior mining anns, it makes a nice change to watch the stately progress of a top company forming that won't suddenly say "oh shucks shareholders - turns out there isn't a gigantic oil and gas industry at all - just two platforms we could see from the office - and it turns out that's all there is"!

cheers - looking forward to a great year for NMS!