looking at ndo last 2 qrts financial health

Looking at both the 2nd and 3rd qrt reports, one can observe the change in confidence from the way both reports were presented. Major change in the Operational Highlights.

30 JUNE 2008 Qrt Total Operating and investing cash flows (decrease) was $14.931 Million
CASH ON HAND AT END OF QRT $41.884


30 SEPTEMBER 2008 Qrt Total Operating and investing cash was $14.883 Million
CASH ON HAND AT END OF QRT $27.001

Operating Expenses from 3rd Qrt is ADMIN (3,257)
PROD (276)
LOAN Facilities Amount Used (26,793)INT (498)
Other fixed assets (115)
TOTAL EXPENSE....4156 million
ALL this is OPERATING COST ONLY.
This does not include DEVELOPMENT AND EXPLORATION COST

My concern is that NDO management needs to immediately cut cost and build growth through production from Galoc.
REVENUE needs to be GREATER than the outgoings for each QRT to stop the wastefull decline in Operational Cash on HAND.

Look at my Predition for the END of DEC 08 QRT.

*30 DEC 2008 MY Projected Total Operating and investment cash flows(decrease) $12.060 Million

*This includes 2 payments from 2 shipments of Galoc Oil to refiners
MY PROJECTED CASH ON HAND AT END OF QRT $14.941 Million


CAN YOU SEE THE PICTURE?????
END OF JUNE 08 CASH on HAND $41.884 Million

END OF SEPT 08 CASH on HAND $$27.001 Million (14883)

MY PROJECTED DEC 08 3rd QRT results

END OF DEC 08 CASH on HAND APPROX $14.941 Million (12060) Decrease.

DECREASE in OPERATIONAL CASH of the BUSINESS in 9 months approx 41,874 Million

These are challenging times, and what do you think management should do?
Do you see another cap raising???
Ord shares 1,050,814,774 Another cap raising will decrese the value of this stock by 50%

I see the share price drifting down to 0.05 cents.

This will give a market cap value at current shares on offer of 52 million.

WHen you take in the facts, NDO will have only approx 14 million cash on hand at end of DEC 08 Qrt.

With a outstanding Loan of 26,793 million on the books, you have to believe that the share price will come under more pressure.

Figures dont lie.

DYOR