I am quite happy to see the Galoc Phase II drilled and (hopefully) the additional cashflow flowing into Otto's coffer (or paying down debt) before the Cinco well is drilled. I think it gives them more options and (if need be) a better opportunity for a capital raising at a better price if Galoc is alreayd successful and pre-hype of Cinco drilling then gets built in on top of the share price.
Impatient holders will sell on this news. Long term players will buy on this news.
I am quite happy to see the Galoc Phase II drilled and...
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Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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