Marine Services Singapore Government, page-23

"The skilled players who see the fall coming and avoid the knife though are much more willing to buy in for the turnaround"

Might want to go back a few threads and see when AHS and myself decided to get out. Then you can pick which camp we come from.

I'm not buying in for the turnaround because I can't see any meaningful reward for the amount of risk still present. It seems no-one on here can either.

Gut feel is that this will take an extremely long time to turn around, and I wouldn't be relying on the oil price to do it alone. MRM needs huge contract wins to move from here, otherwise their rusting and diminishing fleet is depreciating by the day, along with the real value of their NTA.