I'm not to concerned about the bell at the bottom.Apart from...

I'm not to concerned about the bell at the bottom.
Apart from being half book value at 1st Jan'09 NMS had $37mill in the bank and gearing of 8%. Thats plenty to see it through tough times.
In my opinion the GFC will in hindsight prove to have been good for NMS.
NMS had been acquiring rapidly and there were questions raised about control and management. These have been sorted out.
NMS has had time to take a breath and really assimilate the various businesses - all in an environment where it has no cash worries.
The O & G sector long term will be great.
I have been accumulating the last couple of weeks - including today.