Too late in getting rid of Tam - but Lim not solution

What happening!! drpped to MyR 0.055. TP 0.11 la?
Board have to go!
Vessel Siem Daya 1 not work since December 2015 (https://www.vesselfinder.com/vessels/SIEM-DAYA-1-IMO-9660102-MMSI-565301000). Now almost winter so little chance of work. Must sell or Daya sink
Hope when price hit 0.050 - likely someone make takeover bid for DMB

http://www.theedgemarkets.com/en/article/petronas-review-all-existing-projects-cut-costs

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will review all existing projects for its upstream and downstream businesses, including those in the pipeline, in a bid to cut costs amid what is shaping out to be a prolonged period of much cheaper oil prices.

Enough said

Gohlai, So You and Maximun. and others- what you think. If it burst RM0.15 then it could to go to par or less as cannot see the share placement taking place where offer is in excess of market value (0.165). Without placement then cannot buy vessels to reduce costs which will be critical now oils price dropping. Light oil below $60 and heavy oil heading there - oil companies likely cut back investment plans until price increases - maybe end of 2015 as OPEC say not going to intervene which I expected. This means work for oilfield contracts will dry up with DAYA not reaching target sales volume but will carrying high costs - not good outlook. News projecting low utilisation next year. Also DAYA has added distraction of serious litigation claim see Company Announcements on webpage 28-11-20144. SMB claiming Damages in the amount of(RM134,000,000), + (RM153,000), + RM84,000 +Compound interest +other Costs. Who stop deal with SBM - was it mazlin or joon or board?? doesn't look so smart now? Somebody shoul d lose jobs?? if lose SBM case then price maybe go to RM0.10 (or forbid less) as will have to pay claim from greatly reduced revenue and utilisation. . Should we have guessed something when mazlin left in a hurry, maybe coincidense.. Should keep shares or sell?? - May be temporary recovery but not optimistic. Is it time to buy in or will it get worse. Can it get worse?? What's the view??

HLIB = Hong Leong Inv. Bk. I think one of DAYA bankers