next week should be better. we get the prelim farmout agreement announced and a peak into the details of the agreement, most importantly, how much upfront cash MAY will get in Dec 2018. I think this should push the SP to 2.2c as the CR announced there was demand for the stock (who would not demand the stock @ 1.8c).
this upcoming Dec quarter should be a big one for MAY. we could be pushing towards the $70M market cap easy.
- we have the Santa Cruz deal, this generate cash at almost zero cost to MAY.
- cuba 9 final agreement, almost certainly some upfront cash here.
- prelim result/interpretation of beehive, hopefully more proof of big HC
- more concrete news on TSP
- Sherritt Cuba Block 10 drilling result. MAY could learn alot from this for the cuba 9 drill. next door neighbor.
I've bagged the Board if they made bad deals, but have to give them credit for the above deals.
MAY Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
