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
Some other dealings may show the way. Other nearby Shell, Total...
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $193.6M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.4¢ | $1.197M | 47.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 6669647 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 800000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
2.5¢ |
Change
-0.003 ( 7.41 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.7¢ | 2.4¢ | 22863076 | ||
| Last updated 15.56pm 26/04/2024 ? | |||||
| PCL (ASX) Chart |