For anybody new to MAY, there's a rig on the way to a hole in the ground that's so full of oil it burst so hard MAY couldn't measure its properties properly. This rig should arrive shortly. If it gets there, there will be a lot of green. A lot. Imo
the geopolitical situation is a little complex and there is some risk in that sense. But the rig is Canadian owned and regularly provides its services to the Cuban government. MAY have all the licenses for the foreseeable future.
The hole in the ground with said oil is potentially the biggest oil discovery in a decade (plus 18 months). There is transport, roads, storage, refinery all essentially right there.
As per today's announcement the company is hiring stand-up players, per the interview last week, the company is already deep into production planning.
Nothing is ever guaranteed, but either way we'll find out very soon.
When they found this oil approx a year ago the daily high was 24 cents from memory, it closed at 21 cents. I may be a cent or two off. Some people will say there are a lot more shares on issue, there are, but that's from options being exercised. 40 million dollars in the bank. When you have so much money to back up your market capital, that's a very good thing.
This is all in my honest opinion. GLTAH. Ignore the bickering. Somehow it always happens, on every ticker, on the cusp of significant news, the bickering will overwhelm discussion, to drown the real narrative. To all new parties interested and nervous holders, pay little attention, dyor.
AIMHO.
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