Ann: Nido Brings Forward 3D Survey on Service Con, page-30

re: Ann: Nido Brings Forward 3D Survey on Ser... Agreed 100%, Good Oil. There seems to be a mad rush to riches mentality prevailing here in Oz, whereas Europeans for instance, are more concerned about life-of-project investing. In other words, a more worldly approach to making money, and one that provides more security.

For instance, the RIO debacle, where sub standard management now want a bailout from the Peoples Republic of China - in effect, translating to a policy of vast asset sales to pay for their blunders. Whereas London shareholders have resoundingly said "no".

London shareholders have loudly declared the great attraction with RIO "is" the asset base, and if it is eroded in a significant way, as it would be with a sell off to the PRC, then the company will be far less attractive. Which, more or less translates to, "hang this fast buck mentality", we want to put our money into empire builders, and you the management are at odds with these views.

That said, Nido is a minnow by comparison, nevertheless it does have a vast untapped asset base, therefore there should be no rush to give it away for a fast dollar in the here and now.

Unlike the hamsters at RIO, fortunately Nido management are not squandering the companys future with rash moves