JR, I am not pro a CR or looking to buy anyones shares. I'm just being realistic.
And do you think the Co would confirm a CR? They are not allowed to confirm one until they have released same to the market via an announcement. Insider trading?
5c "market value", which is what I stated is completely realistic. If G is a duster, and they want more cash - who is going to buy new shares at 10c? I wouldn't. I agree that a base value of around 10c is around the mark - but NDO is worth nothing if they don't have any cash to drill anything. They can go broke - it is possible.
I do agree with your last point. That is why we are invested here. If they strike oil, NDO SP will go north of 20c (market value) but the base valuation would be closer to 50c! (when Gindarra developed)
Again, if you think it may not fall apart - remember Tindalo. Doesn't matter whats in the ground if you can't get it out economically.
JR, I am not pro a CR or looking to buy anyones shares. I'm just...
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Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $194.9M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 85.0¢ | $96.28K | 113.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 29650 | 1 |
View Market Depth
| Last trade - 15.00pm 11/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |