Same as PK One, been following this stock for years, may have traded it, not sure, What I like is the updates, especially about Cuba and now some deal with SANTOS. I don't go much into the details much more the hype, sentiment, the potential long term outlook and of course price and volume. I have held off buying MAY for the last year, just waiting for more information.
In hindsight had opportunities to buy around the 1 cent mark. Have recently taken a decent position around 1.5 cents, with a market cap of $30m and fully funded for 3 wells in Cuba with 12.5% royalties this share seems cheap. Plus the SANTOS business in the NW of Aust is a bonus.
I may be wrong, however I am looking for either a 5- 10 bagger or a takeover with this low market cap.
MAY Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
