This keeps dropping... market cap of $49m now... A lot of positive signs coming out from the company, just read all their announcements for the last year or so. Things looking up.
Lack of news flow would be the main concern, they need to keep winning contracts. The last indication was 4-6 major projects set to be awarded by the end of FY25 but yet nothing announced on the SURF side since November. I have seen commentary from other companies around a slowdown in the US Oil and Gas space with uncertainty around the election, hopefully that should resolve itself in the coming months.
This keeps dropping... market cap of $49m now... A lot of positive signs coming out from the company, just read all their announcements for the last year or so. Things looking up.
Any thoughts on the continued drop?
Hi Mark,
Lack of news flow would be the main concern, they need to keep winning contracts. The last indication was 4-6 major projects set to be awarded by the end of FY25 but yet nothing announced on the SURF side since November. I have seen commentary from other companies around a slowdown in the US Oil and Gas space with uncertainty around the election, hopefully that should resolve itself in the coming months.
Cheers
Guy