Long term, consolidation is probably a good move, however it's likely the company simply floated the idea as a wish list, then logged onto to HC and other market forums to sound out the response, and so abandoned it.
The point is, they are in a cashed up financial position, have a good revenue stream from Galoc and sit on oil assets worth plenty. So why rock the boat by advancing a future plan.
Nido is a small company, however their good management is now more visible
plenty of upside , page-17
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
92.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $209.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55739 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 21270 | 2 |
View Market Depth
| Last trade - 16.12pm 02/08/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
Day chart unavailable