Hi Bluedemone,
After looking at several mid-cap oilers I'd have to agree that Nido's admin cash burn is high compared to its peers.
Revenue from Galoc is significantly down from projections, due mainly to POO, and it does not look like Nido will be spending anything on exploration next year. I'm assuming that Gindara will be operated and fully carried by the incoming farminee.
That said, prudence would dictate that admin costs should be significantly reduced for the forthcoming year. Several oilers have shed staff and deferred spending for the next year.
The chart below shows Oilers listed in order of mkt cap from $1,000 to $40 million and their stated admin costs for the Sept quarter.
Regards,
OPT
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Last
83.5¢ |
Change
0.015(1.83%) |
Mkt cap ! $190.4M |
Open | High | Low | Value | Volume |
82.0¢ | 83.5¢ | 82.0¢ | $8.391K | 10.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 31246 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.820 |
3 | 6871 | 0.810 |
1 | 7700 | 0.805 |
2 | 8125 | 0.800 |
1 | 126600 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 31246 | 1 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
0.900 | 500 | 1 |
0.970 | 10000 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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