Nido is one sick puppy at the moment. Price of oil is up at around 12 month highs and a couple of good announcements have been released with further oil from Tinaldo to come online within 6 months.
Regardless of Gindarra, based on current activities the SP is lagging well behind and it only seems to be falling further each day.
Is something seriously wrong or have investors simply had enough of the wait and under performance that they are willing to cut their losses and look for greener pastures?
I hold for the simple reason that we have good current projects + good potential in the future. But you can't help thinking this stock is one sick puppy atm.
NDO Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
