its perhaps a little more servere that previous booms/busts (imho) ......
the company has said they are looking at appeasing their bankers ........
there are now 2 large shareholders.......so if there were to be some sort of cap raise - it could easily be underwritten by same .........
the Board would then walk the plank .......
oil price will eventually recover to a level that encourages oil co's to explore and then spend some money on new developments ......
MRM will then make some money.......
be patient !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
rgds
Value_Hunter
huge debts carried by Singapore-listed offshore firms, page-14
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