Did post on NIDO that their shares now join the list of shares being snapped up by foreign buyers. It appears that Australian Investors refuse to give fair value to many oil/gas stocks. This is not something new as it has been going on for years. Foreign investors wait their time then jump in with low successful T/O bids and say thanks a lot Aussie mugs. This is very sad as in many cases Australian Investors have supported IPO and often many CR to get companies to proven reserves and good cash flow positions.(where ROC and NIDO are now). This will not end and its just a matter of who is next, could it be AZZ,LVR,HZN,OEL or I suppose many others that could be suggested.
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