Hello Xanadu,
Yes i have been following this closely I have been buying and purchased 1000 shares at 1.02 about 10 days ago. With the huge downturn in second hand ship values it looks like the scrap value possibly may exceed the resale value of ships such as those of Brittania. If that happens it looks like the pendulum may swing back. When i see Natasha Boyden saying Dryships may be in trouble. She always likes bashing the bulkers but is there something to it? GO looks somehow in much better position. The only reason i can see is less exposure to the spot market.
Deep Sea missed as im sure your well aware of . I read the
report and i saw that operating expenses are much less the Q2 . Not including debt service i thought the report was good. The quoted cloudiness in the credit market and the payoff of a 200 million NOK bond as the reason of missing. I liked what i read did you get a chance to look at it.. ?
I can post the PDF if you need it...
Have a great day,
Joe
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