dumping set to continue - 20 mill more , page-17

Since when did independently certified oil reserves NOT provide a basis for fundamental valuation?

The "floor" you refer to doesn't in anyway mean that the sp cannot fall below that point, it is simply a basis for determining a fundamental valuation in respect of that asset.

I have seen stocks fall below their NTA valuations...this is actually an investment strategy used by many individuals and institutions...seek out these bargains before the wider market catches on.

If NDO's fundamental valuation on Galoc alone is 9c, what other players in the Galoc JV are trading well below this valuation mark?
Are you referring to OEL who has an 18.78% indirect interest in Galoc?

Let's see, NDO's 22.879% interest in Galoc = 9c based on an issue of 1,266.6M at time of valuation, (it would now be worth 8.3c based on 1,373.8M - takes in ML's issue yesterday).

For OEL we'll take the higher figure because they've had no change in issue since the valuation, so, to make it simple...
If NDO's 22.879% of Galoc = 9c, then OEL's 18.78% of Galoc = 7.38c.

Tonights closing price for OEL was 9.6c!

How did you calculate that "other players with equity in galoc trade well below this "valuation" placed on galoc"?

Maybe you are referring to some other stock...would be helpful if you could provide figures to back up your statements.