Would it be fair to say Galoc is not a company maker and when production is up SP takes 1 step forward and then any hint of bad news we take 2 steps back. With matters beyond the control of Nido management, it is getting very frustrating at the expense of a sliding SP.
I had an idea that crossed my mind but maybe it's a stupid idea. What if Nido was to sell all its share in Galoc and use them proceeds to fund/develop bigger prospects + we will soon be generating income from Tinaldo and further we can speed up development from Yakal. Nido will also be in control.
Would love to hear opinions from both sides.
NDO Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
