what after gindara if it isnt successful ? Nido plan B has always and looks likely to continue to hit shareholders up for funds to drill. Nido seems more interested in exploration than producing oil they have already found.
-Go back to the shallows ??
-Galoc Phase #2 ?
-Repay Con Note ?
-Explore/Drill in SC 58/63 ?
The company has yet to explain how current revenue can cover expected expenses. All of the above options will require funds to a different degree. What is apparent is NDO barely have enough funds to do anything but the cheapest option on the list above how are they going to fund and drill the other 4 drills in the 5 drill campaign they put forward last year.
what after gindara if it isnt successful ? Nido plan B has...
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77.0¢ |
Change
-0.010(1.28%) |
Mkt cap ! $175.6M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 78.0¢ | 75.5¢ | $14.90K | 19.14K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3783 | 77.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |