OEL
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0.00% 1.3¢ otto energy limited

capital raising, page-18

  1. Sav-J
    609 Posts.
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    14/05/08
    11:03
    Post #: 3710707
    I'd assume the cap raising would more than likely be at a 10 or 20 day VWAP.

    What's interesting is that Galoc revenue is meant to keep the company afloat and fund the exploration program. Why - when galoc is so close to producing reasonable revenue is the company chasing more money.

    A placement was only done a few months ago.

    Anyone have ideas as to why they need funding now as opposed to waiting for Galoc funding - sandy one for you buddy.

    OEL Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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