Post by
drunk@noon on Mar 22, 2024 4:12pm
Sold some today as my fear of dilution overrides the
benifits one hopes to recieve from what should be good news once the first of the horizontals starts producing. The talk of them having a merger's and aquisition team and the fact other operators are looking to divest themselves of some properties makes it far more probable than possible. And any kind of aquisition is going to envolve substantial dillution as the existing market cap is on the tiny side.
Comment by
EagleHasLanded on Mar 24, 2024 12:49pm
It is very unlikely Canacol divest shares in the open market. This is an issue that we have been recently made aware of. We are looking for a solution, and once we have a solution in writing we will be disclosing to the public. Thanks Joe