As is happening in the market, there is lots of speculation and what if scenarios being posted on hotcopper with regard to NDO.
Sure shareholders could be dissappointed with, what some may say, a lack of updates from NDO re: galoc and the likes, but the reality is with 11,000,000,000 barrels of oil (thats alot of 0's) in the ground there is nothing to worry about (for the medium to long term investor).
We can thank our day trading friends and possibly an institutional investor for the recent decline in SP, but I beleive this is nothing to be concerned about. If you have more money just buy more stock.
When the resouce bom was in full flight 2 years ago, with all the happenings going on at NDO their SP would be closer to $1. Which means 1 thing - its a bargain now.
As is happening in the market, there is lots of speculation and...
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Last
82.0¢ |
Change
-0.005(0.61%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 82.5¢ | 82.0¢ | $1.522K | 1.846K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24818 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.5¢ | 2 | 1 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |