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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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $12.34K | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17892904 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12332282 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |