huge debts carried by Singapore-listed offshore firms, page-6

I totally disagree Kick. The fundamental drivers of this business are slowly starting to change to a more positive trend. The oil price is undergoing it's bottoming process and will continue to slowly recover over the next year or so. Consumption dynmaics in the worlds largest economies is showing signs of increasing with US stockpiles falling and China imports increasing. In my view, MRM will avoid a capital raising as it is positioned at the sharp end of any recovery in the industry and will be an early and major beneficiary of this recovery.
Just look to the historical MRM chart to see how rapid this can occur. The early 2000's are where we are now. Expect the 2005 /2006 leading to 2013/2013 period to be the future trend for MRM.