Personally I don't think the SP will go anywhere until the word 'oil' is stated on the weekly report. Yes the share price might be cheap if compared to millions of forecasted oil reserve, but without the speculative reserve the $0.140 price is actually quite pricey. They had their price surged up in late march for more than 50%, the current share price already include Gindara. Without Gindara SP should have worth only 9 cents.
I don't think the instos manipulate price to accumulate either. Whats the point of accumulating when there's always a risk of the well being a duster. Then they lose a lot of money.
why??, page-8
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Last
86.0¢ |
Change
-0.010(1.15%) |
Mkt cap ! $196.1M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 89.0¢ | 83.0¢ | $129.0K | 148.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.0¢ | 85062 | 1 |
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| NDO (ASX) Chart |