Ann: Investor Presentation , page-5

not joking. i think recent price strength is primarily speculators building for cinco. prior to this, the market saw the value of galoc and everything else as worth about 8-9c. i think a poor ann on sc55 will see a rapid exit of the recent buyers and cause a price drop. sure, it will recover, and i agree with you about the inherent value of OEL being higher than 8-9c, but i'm wondering about motives of recent buyers. i think motives are short term and the price will sink back if cinco does not happen.

i'm trying to understand how the market values duhat and galoc development. there is still plenty of risk with galoc development.