Cap l did not think nido will give 50% of 50% of sc58 to YGL because they will have cash from Galoc and would be hunting a major to drill.
Agree that there is a lot of oil in sc54
My point about instos is that as soon as they agreed to 22 mill covertable note the share price of nido was kept in a trading range which enable them to convert the shares at 23 cents instead of 26 cents.this could happen to YGL if they enter a similar agreement.only my thoughts and could quite possibly be way off the mark.lol thanks
Cap l did not think nido will give 50% of 50% of sc58 to YGL...
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