In the announcement re the requested trading halt the mention "pending possible capital raising".
However people are getting ahead of themselves - we do not know the background of this CR or whether the "possibility" comes to fruition.
And why only "possible" - what else is lurking underneath?
My guess - being the eternal optimist, is a CR in conjunction with a Joint Venture to start fast tracking our 110 wells in the Permian Basin - that is still the news that everyone awaits for this company.
GLA
GGP Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held