NDO 6.25% 85.0¢ nido education limited

be positive , page-10

  1. 29,783 Posts.
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    They at least got the pivotal Gindara farm out away, luck there will make the Tindalo saga look trivial. Gindara successful or not will I guess at some stage give everyone who isnt too greedy the opportunity to turn a profit or at least improve their position.That cant be the worse situation to be in can it? I'm aiming to buy some b4 drilling starts and sell whatever % during drilling to get a free or cheap carry, in case its not commercial. Nido would be crazy to take any cash impacting risks for the sake of impatient investors/short term traders who for what ever reason are worrying about short term fluctuations in the SP that may cause a significant dilution to that stake in gindarra. I have no idea what it would cost if Yakal wasnt successful, but the fact they arent rushing into it at this stage suggests the financial risks could be high.
    C
 
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