MRM may need to undertake a cap raising but if the oil price...

MRM may need to undertake a cap raising but if the oil price does trend higher this should lead to more work for MRM and , hopefully, avoid the need to tap shareholders. If they do, I look to a similar outcome for CDD. Shareholders were extremely gloomy and though the world would end. CDD went ahead and those shareholders who bought at 40c and purchased their 25% extra entitlement are laughing now......CDD @ 77c and trending higher. I purchased prior to cap raising and took up all of my entitlements. I will do the same with MRM as the one very positive feature, often overlooked in cap raising's, is that they can substantially reduce the debt pile and focus on the business.
So, in essence, I don't see the likely hood of a cap raising as a negative for MRM, ultimately, it could well be very positive.
My experience in working with MRM gives me the confidence that they will pull through this downturn........the oil and gas industry is littered with a history of "boom and bust" cycles.......this one is no different to others I have experienced.