huge debts carried by Singapore-listed offshore firms, page-20

There is one thing that I hate about posters on MRM and that is that they expect that a recovery in oil price will result in a recovery in MRM just like that.

Yellowfin you stated recently just that. I recall your post was along the lines of '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 the recovery'.

Really? What don't you go and read what MRM themselves have said about the industry and the recovery and the oversupply in boats and the speed it will take for a recovery in spending?

For gods sake what I have been saying about the industry and indeed MRM as a company is in line basically word for word exactly with what MRM themselves have said.

I don't have a problem with MRM as a company as such however I think it would be a pretty wise person to wake up and actually look at the world they find themselves. It's not easy and it's pretty challenged.

Regards MRM being at the 'sharp end of any recovery' as you said, this statement is nothing other than complete and utter total rubbish IMO.