Ann: Canaccord Initiates Research Coverage , page-5

Ozgem its a paid report Phil simply had to tell Canaccord what he wanted to have included in the report. I looked at some of the parameters of the valuation it is all based on other parties footing the entire bill on the exploration front. I have said it before Phil needs to take note Nido are small fish and costs should thus be rained in. Shareholders as always will have a say though no doubt HQ top priority would be to keep the Thai guy happy so he doesnt vote against them.

Phil drop several SC's cut admin spending in half and actually create some shareholder value. Nido isnt going to get someone to pay there share of SC 58 this year or SC63 next. Seems like Nido are willing to throw good money after bad and dilute holders away going after elephants.