NDO 0.00% 88.0¢ nido education limited

sc 63, page-26

  1. 9,822 Posts.
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    hi 62strat

    but unless we know what is booked by whom, for what and where, it becomes a exercise in speculation

    all we know is that what was proposed was deemed not acceptable by ndo.

    i know it is not a fair comparison between land and offshore oil rigs but all i was doing is making a point, that even with best laid plans and with all in order, things can go awry and result in unexpected and frustrating delays. And with offshore rigs the potential for some "spanner in the works" is even greater.

    It is like so much is being read into this, but why?

    Has the potential of NDO's assets changed as a result? If the drill program is delayed does the oil in the well (if it is there) somehow go away or diminish?
    This is why the reaction is silly, yet the cash just keeps rolling in from its current production.

    I would rather NDO manage their cash and drill programs conservatively than over pay

    This is a very undervalued stock. Maybe it needs to be smashed one more time for the weak hands to be shaken out.
 
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