price estimation increase, page-27

"no serious investor takes oil in place figures seriously."


Throwaway comments such as this should be tested fairly soon, whereby, Nido are on recent record saying that by the end of June they expect a heavyweight drilling/exploration partner to be on board, and one, by the way, who will have to invest hundreds of millions, if not billions of dollars to get a return from their investment.

Logically, one would not risk this sort of money without due diligence beforehand. Therefore in this context, the words "serious investor" need to be questioned. That is, define a serious investor - perhaps one who seeks the comfort of bank interest, or arrives on the scene as a late arrival when all the numbers are finally on the table, and a very high share price proves it to be a right investment decision.

Conservatism is all very well for bank stocks, but at this stage of Nido's development, has a minor role. It's an appetite for risk scenario, therefore not to be recommended for the super conservative investor