Why did MAY initially fall over 25% after the webinar, page-100

Just looked at webinar and was actually quite impressed / comforted..... looks like the shareprice is another story though.... the sentiment around Alameda and MARTI not flowing has done the shareprice damage clearly. The misreading of A1 geology would be embarrassing for the current MAY team and the brokers that sold the story to their investors. The sensible brokers who entered in a measured way now have the opportunity to build a position pre production. The MAY team clearly embarrassed, sorry and contrite that they didn't go straight into production on Amistad 1B in my opinion. My personal opinion is that A1 geological observations of Alsmeda and Marti were misread but there is enough of a project in Amistad to get this company to bounce back (and more) at some stage in the near future.

BTW for all the shareholders feeling angry. I personally don't think management would have deliberately misled anyone. They were believers too imo. However, their decisions have fkg pssd me off. And the lack of timely news reporting has pssd me off even more. They need to set some communication strategy in place and stick to it.






disclaimer; just my opinion so do your own research.