Some other dealings may show the way. Other nearby Shell, Total and the MAY Cuban deals tend to have a 30% retention by the exploration licence holder (eg PCL) who are free-carried on 1-2 drillings and rightly so as this offshore drilling will be close to or exceeding US$100 mill per drill site. Commercialisation options often allow for exploitation on a deferred royalty basis for the original minority party (eg PCL) so they may not need to have a large CR on that front - at least I hope so. IMO there is every chance that a share consolidation will occur as the SP rises a bit, but I believe PCL holders are in a good position for SP appreciation (let's face we have been patient for years on this). I know many will bail today and this week and fair enough as they address their opinions and circumstances. As of today I am free-carried in PCL and quite prepared to continue the journey. And yes I do hold similar volumes in MAY that rocketed 78% today.
GLTAHs
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Last
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Mkt cap ! $194.8M |
Open | High | Low | Value | Volume |
2.3¢ | 2.4¢ | 2.2¢ | $240.0K | 10.38M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 23000 | 2.3¢ |
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Price($) | Vol. | No. |
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2.4¢ | 4546206 | 16 |
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No. | Vol. | Price($) |
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13 | 5905843 | 0.022 |
26 | 9427272 | 0.021 |
18 | 13164400 | 0.020 |
10 | 10225524 | 0.019 |
7 | 6121958 | 0.018 |
Price($) | Vol. | No. |
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0.024 | 4146206 | 12 |
0.025 | 6470351 | 10 |
0.026 | 8499228 | 6 |
0.027 | 7412669 | 11 |
0.028 | 6189718 | 12 |
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