A buy-back now ... at what price exactly?
Would a 5:1 consol. lead to a $1 SP if based on a 20c
SP in the current market - no. It would probably lead to less than a 5 x SP rise; costing shareholders dearly.
When, not if, the market realizes the fundamentals of NDO then the SP will reach May levels as the panic-ridden sentiment at present with bears too scared to even hibernate (i.e., wait'n'see) come out to re-stock.
Totally disagree with any buy-back/consol. waste of valuable galoc explration-marked funds, or any ridiculous talk of buying into any of the partners; much less SB's vastly over-promoted/mis-threaded favorite.
now is not the time for consolidation
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Last
88.0¢ |
Change
-0.020(2.22%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 89.0¢ | 88.0¢ | $51.60K | 58.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18199 | 1 |
View Market Depth
| Last trade - 14.56pm 25/06/2024 (20 minute delay) ? |
| NDO (ASX) Chart |