I think you are right to surmise that cash is needed in the...

I think you are right to surmise that cash is needed in the short term Sin.  And it sure lies we are till in for a 'tight' few months ahead.  Nonetheless, we are in a more promising position just now than we have been for a long long time.  Its that tight cash situation and the ever present potential for another cash raise that is contributing to keeping the price down IMO.  Once we navigate towards a sign in for Nth Oz and drills in Cuba the pressure will rise and attract a few speculators hopefully.  But the reality of MAY's future will only ultimately come from oil and gas flows, and/or some smart moves with the Santa Cruze operations.  

By the way Spitfire, are you still assuming a first drill target for April?  Wasn't that date based on rig availability before the chinese decided to bring in their own rigs??  Doesn't dismiss the two drills in 2019 but I am predicting them both to be in the second half of the year - again adding to the 'tight few months' senario.