nido petroleum keeping mum on raisama takeover, page-7

Don't really see the negativity in the deal (if of course)

You pick up a company cheap is the idea - Especially since it will produce solid income stream to help NDO achieve it 5 well plan

It's either use RAI money (also get other assets) or go to market & get money. Either way NDO will increase in shares on issue - I'd prefer to have RAI than a CR.

Obviously CEO trying to push up NDO Share price but getting limited response. That would give a better deal.

Prefer to take an undervalued RAI than NDO be taken while under valued.

If it's true & they can pay off the drill cost in 2 months what about the next two months - that is what NDO want that money coming in to help pay for the other drills which bring the shareholder value.