Hi Bluedemone,
After looking at several mid-cap oilers I'd have to agree that Nido's admin cash burn is high compared to its peers.
Revenue from Galoc is significantly down from projections, due mainly to POO, and it does not look like Nido will be spending anything on exploration next year. I'm assuming that Gindara will be operated and fully carried by the incoming farminee.
That said, prudence would dictate that admin costs should be significantly reduced for the forthcoming year. Several oilers have shed staff and deferred spending for the next year.
The chart below shows Oilers listed in order of mkt cap from $1,000 to $40 million and their stated admin costs for the Sept quarter.
Regards,
OPT
looking at ndo last 2 qrts financial health, page-12
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
88.0¢ |
Change
-0.020(2.22%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 88.5¢ | 87.5¢ | $71.84K | 81.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55739 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 14.29pm 18/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |