Hamm, re renewables, they are the future. Many of the projects have funding or finance available. So Mike, with his inside info, may know something you don’t. Hence why he was happy to dilute himself in the short term.
My response to you is: investor need to learn about portfolio management and accept their own greed has placed them into this position. And then by taking personal responsibility will stop smashing the management.
Greed is a terrible thing.
So is fear
So is not planning your portfolio to withstand volatility
It’s a lesson for people like master assuming he’s genuine.
Investor, re the raise: long term insiders don’t care about the volatility. They raised at a price they were able to then buck and Petrovis followed on afterwards. Those who funded the raise would have forward sold or will sell above 0.8 I’d imagine. They aren’t long term holders.
Is it ideal? No
If another well comes in it’ll help cashflow massively from this position
MATD are operationally geared like most oilers so it’ll be positive
Investor, my general point is those smashing the management and continuing to hold are ill advised. Equally, those who spend 1000s of hours here without holding also don’t value their own time.
There’s an opportunity cost. You could be holding something else. Or doing something else.