director bought again, page-16

agree dividend out the window and irrelevant atm - market is pricing NOD as a firesale, waiting for it to sell off an asset to reduce debt or surprise the market with a revised earnings forecast. Will depend on their banks - their debt to equity is OK as long as revenue is above a certain level. If the banks give some breathing space then NOD can stay the course at current size and ride the next W.A mining wave - which is already going. Can't see any risk at these prices - sale of a division wouldn't make much difference and a revised earnings forecast showing a return to profitability would send it nuts.

Bit of life in the old patient today anyone notice? - been flat lining for a while now.