SP£
I think you hit the nail, board room take over.
I just do not understand why.
In a general sense when deal with the Philippines you have to be careful due to the very powerful and rich 1% controlling it all.
In which case the question is, will NDO ever now pay a dividend from the hope for Galoc cash flow or will all the cash be spent on other Philippines project, all of which will be very expensive for NDO to buy but very profitable to the rich controlling 1%.
It is in my belief that this board room takeover is a major change of control risk for all NDO shareholder as these new guys are unknown and can they be trusted.
cheers
PC43
heres the email from dave whitby.. must read, page-15
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83.5¢ |
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Mkt cap ! $190.4M | |||
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