Long term, consolidation is probably a good move, however it's likely the company simply floated the idea as a wish list, then logged onto to HC and other market forums to sound out the response, and so abandoned it.
The point is, they are in a cashed up financial position, have a good revenue stream from Galoc and sit on oil assets worth plenty. So why rock the boat by advancing a future plan.
Nido is a small company, however their good management is now more visible
plenty of upside , page-17
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 88.0¢ | 85.0¢ | $123.7K | 145.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 212002 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 29650 | 1 |
View Market Depth
| Last trade - 15.59pm 10/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |