Sandybeaches,
yes I am happy with the way things are progressing. What the share price does is secondary to the progress - although I would much rather have it up!!
A key point a few are missing around here that got out too soon with 'stinkin thinkin' is that this isn't a "normal" oiler. Too much script on issue? - LOL! Check the market cap of their peers that are producing less than what Nido MIGHT get from Galoc, compare the other assets too - compare the potential production and potential reserves to BPT, ARQ in the lower league and then move up to the next level in ROC, AWE etc... and project potential 2 years out.
Will it happen? Maybe, maybe not - it is a spec stock still. Will the market wait for it to all to happen and oil flowing before buying the stock? - it hasn't waited so far! NOP - it is doing what many have done around here - projected POSSIBLE revenues/profits in the future and compared these to Nido's peers and saw the potential undervaluation.
Good luck SB - you got out, but were smart enough to put the ego to one side and re-evaluate and get back in at still low levels. Others are struggling with "wanting to be right".
You Snooooze, You Looooze
analyser, page-2
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83.5¢ |
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Mkt cap ! $190.4M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 83.5¢ | 82.0¢ | $8.391K | 10.08K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 82.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 84.0¢ | 31246 | 1 |
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