I don't think the relationship to the share price and the oil price is linear.
Earlier this year MRMs SP was about 50 cents and today price of oil is much higher than then..
The case for MRMs survival is a possibility. However, I think all should check out EHL, Emeco Holdings to see how it may pan out in the case of survival. It's going to be a bumpy ride....
Marine Services Singapore Government, page-12
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