Everybody has an opinion it seems.
Well here's mine.
NDO are in big trouble.
Sure they have income, but so do all the partners in Galoc.
The money they will need to drill and develope is vast.
The last 2 finds will need appraisals which will drain their cash.
Then comes what has just happened to OEL.
A low priced cap raising.
OEL will be taking their medicine and their share register will match NDO but add another 700m shares when they have to take theirs and it's frightening.
One thing in OEL'S favour is funds needed to bring other income online is no where near the funds NDO needs.
Good luck.
plenty of upside , page-6
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92.0¢ |
Change
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Mkt cap ! $209.8M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 55739 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 21270 | 2 |
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