I think orangkaya the real fear is that if the current team stay in charge and do nothing as they have done then there is the real risk of losing a lot of acreage. The management team have promised and promised and never delivered on the drills or the farm outs. Just a couple of quotes from last years agm:
"there is no cap raising needed in the near future"
"i came to nido to drill , drill , drill"
I can see where you are coming from but even the recent announcement of a drill in 63 is simply not believed by most shareholders as they have heard it all before. Phil Byrnes up until last August was still proclaiming a drill was going ahead in 63 before November 2012.
Yes, you don't want to rock the boat but when do you say enough is enough.
notice given , page-38
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