Ann: Canaccord Initiates Research Coverage , page-4

So Canaccord put out a bullish report on NDO with price target of 11 ceets. What a surpirse! After talking their customers into buying something like 600million shares they are not about to release a report saying anything but are they.
Maybe they don't read any of Nido's qrtly reports either. Calling Phil "conservative" made me squirm. I don't call trekking around the Asia looking for other "opportunities" when you can't even find partners for drill opportunities in leases you already have and can't afford to drill on your own through lack of cash. I'd call that just plain irresponsible and a waste of money , shareholders at that. They've shown today that they can't seal a deal, looks very bad for 63 and 58