I think he has a very good understanding about oil (MAY) and debt (Macquarie & CS), but not about equity. Driving current and potential investors away (through uneeded or careless silence) is a great way to ensure that future shareholders don't participate in equity raisings.
You can have the best car in the street, but if you keep it locked in the garage noone will ever know. MAY Management need to lift their game. We have the best car in the street, but someone seems to have lost the keys.
PESA presentation: A maiden contingent resource in Cuba for Melbana: the Amistad-1 success story., page-73
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