re: Ann: Quarterly Report for the period endi...
I'm trying to make a losing investment in NDO into a positive by averaging down. the future will tell if i'm correct in buying at current levels. I'm happy with 1/4ly. which gives a solid cash position of $21m and shows advancement on all fronts. I'm aware though that there will be no Galoc cash Q1 and expected outflows $12m at same time. we need a decent amount of cash for SC 63 to be drilled 4th qtr. but i think we will have it and also highly likely NDO will farm down to say 30%.
I believe NDO is good buying at these levels. I see little downside atm except for negative world events.
and thank heavens we have heaved overboard those Philippino lead weights and drawn a line under the Tindalo disaster
NDO Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
