It's time for the team to execute. The last 12 months have not been kind to them, so the market is rightly skeptical of their ability to manage their new timelines or technical solutions. Let's start with the acid stimulation studies by end of August and the Amistad 1 workover which is forecast to happen no later than September. It is time to start to restore some confidence to persuade investors to get back on board the MAY train. Till then bottom feeders will continue to circle in order to take advantage of any delays or further technical issues.
MAY Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
