free lunch for the corporate boys, page-3

That's one way of looking at it Sandy.

However, the negotiations with these new shareholders (and agreement about price) would probably have occured whiole NDO was in the low 4s. That is, I think that its been only in the past few days that it has kicked up from about 4.1 or 4.2.

Getting agreement for them to pay 4c given the share price at that time puts a whole new context on it. That is, they must think that 4c was very good value even though it wasn't really at a discount to the market at that time.

Another positive is that these are large managed funds in Hong Kong and London. NDO is getting more international exposure AND interest from institutions.

So, even though dilutive to my holdings, I am positive about it because (and lets face it, you have been concerned about their limited funds for some time now - this takes away that negative) they now have a lot more flexibility and will be able to move more quickly and with more certainty on current and potential projects.

Cheers
OG