Thank you for sharing your thoughts and concerns. I understand that human error can indeed jeopardize projects (any project - including OMA), and it's crucial to have competent management in place. Neil’s storytelling prowess is notable, but execution is where results are truly measured. We remain optimistic that his potential will translate into tangible outcomes over time.
Regarding EXR, your belief in its potential to be sold or enter production is shared by many. While reaching a 300 million market cap and maintaining a favorable share price are challenging goals, they are achievable with the right strategies and support. Gas projects are notoriously difficult, but that doesn't mean they are insurmountable. It’s worth noting that OMA, a company you’ve invested in, will face exactly the same amount of costs to move their project into production. This will also impact dilution and share price in their quest to reach a high market cap.
It is becoming increasingly clear that EXR management is not counting on retail to move this project forward (and rightly so), but looking at Joint Ventures. This could provide the necessary backing and resources to mitigate financial concerns and reduce the dependency on retail investors. Joint ventures often bring in not just capital but also expertise and stability, which are crucial for long-term success. Rest assured, the leadership is aware of the pitfalls of continuously issuing new shares and the impact of short-term trading on the company's health.
It's important to remember that OMA will similarly encounter these challenges. The costs to move their project into production will affect their dilution and share price as well. These are industry-wide issues that all companies, including EXR and OMA, must navigate.
Steps are being taken to ensure more stable and substantial backing, which will be pivotal for EXR’s growth and success. As with OMA, it's a matter of strategic planning and securing the right partnerships to move forward effectively.Thank you again for your insights, and let's remain hopeful and supportive as EXR and OMA navigate these complex challenges.
(20min delay)