To break this down:
GOOD:
"we've already identified several key areas where we can find some performance" : is bad but can also be a good thing (it's how you look at it
)
"The car has run faultlessly from start to finish and that has allowed us to complete an
ambitious programme for day one,"
NOT GOOD:
"we've already identified several key areas where we can find some performance. We'll work on the assumption that we're playing catch up and need to pull out all the stops to find performance ahead of the first race here in one week's time."
"we can focus on maximizing the potential of the car in the coming days."
It supports the theory (rumours) that they were coming out of the winter in catching up mode and knew they were going to be behind for the first couple of races atleast. I just hope they can catch the leaders, but if any team can: it's MERC