And a bit a bit higher than that would be nice.
I just acquired another small parcel @ 5.8c - as had that order in since 26/3. Stressful times for many holders including myself, but no adverse comments from here. Whilst it would be reassuring to get some substantive announcements on just about anything to do with MAY's Cuban activities, at this point is crucial to commercial exploitation, government regulation, infrastructure planning and a host of technical matters that have to be secured and agreed upon with other stakeholders before media announcements. MAY is not FAR or IVZ which also face their own challenges. I was involved in upstream petrochemicals for years in Australia & Asia and commecialisation announcements look easy, but the work to get there takes time, is always complicated especially the potential risk of rocking the agendas of these other stakeholders that don't care about shareholders and could very easily shut down everything to regroup and pick up the pieces later. I've attended MAY AGMs and whilst positive, management obviously plays the cards dealt with very closely being sensitive to the real world out there that can be ruthless.
Anyway, yes some serious risk, but that resource is worth betting more than a house on for me.
GLTAHs
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- Cuba Block 9: Operations Update 9 April 2024
Cuba Block 9: Operations Update 9 April 2024, page-112
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