Any idea that there is an opportunity being missed for some sort of short-term, "announcement-led" recovery seems mistaken to me.
Yes, they could announce the European Patent for whatever PR value it has, but it was never unlikely was it - especially once the final wording was up for agreement by NMS?
Buyers want the bargain of the century, and probably to pick the bottom - and they have got plenty to pick from.
However, NMS sure aren't buy vessels and ROVs just in general anticipation of something or other turning up...
As long as NMS keeps to its plan and brings its vessels and ROVs on-line, along with the projects which must be effectively committed to in order to justify them, the revenue will start flowing in big enough chunks to attract some positive attention.
Won't bore you by listing any, but there is no shortage of crunched shares out there. Can't really see any meaningful connnection between current SP and some NMS-specific performance issue.
Just have to batten down the hatches and ride it out - it's still good.
Would prefer not to have shaved off 90k profit (from the peak of $1.37) and be sitting on a 70k paper loss instead, but happy enough with actual company performance and settling down in a reasonably relaxed state of mind to wait for the serious money announcements. I suspect so is the management of NMS.