tindalo yakal, page-6

Hi bluedemone,

I reluctantly agree with your assessment. I learned from one of the postings a few weeks ago that share price is driven by 60% market sentiment, 30% sector sentiment and only 10% on the fundamentals of the company. Having watched NDO closely over the years this fits pretty well for me.

I reckon the market is going to sawtooth down over the next year or so as the world financial system deleverages. Oil could be a bit of a shelter as everyone needs to burn it.

Nido are in a good position in that they have no debt, lots of area with great potential and the ability to self fund the shallow areas of SC 54. I'll be watching for the announcement of the first oil sale from Galoc which should show what the field can produce and give Nido the confidence to contract a rig for Gindara.

In the next year it will be certified reserves and cash flow that will rule the day. Any company that is reliant on loans or farm-ins will not likely survive to benefit the shareholder. imo

Regards,

opt