I'd think the shorters and their Algos will allow the share...

I'd think the shorters and their Algos will allow the share price to stay around current levels as they increase short positions further. If they can borrow at 40 and buy back at say 20 they still double their money..

I'd expect the SP crash to come in later July as part of the accounting process at year end involving asset impairment. That will really stress the balance sheet and the shorters know it.

What we are seeing with MRM is that even in a rising commodity price environment oil related stocks can deteriorate as those particular stocks still deal with their issues and stresses. Likely impairments and re possible capitalisations etc...

The SP rise in the last 6 or so months from the 20s to the 50s was likely really based on oil price hope, not much company news, certainly no contract announcements..