re: history

this is the history of Nido's prior CR

28/05/2008 82.5 million at 50cents - raise $41million
25/09/2007 39.6 million at 28cents - raise $11million
25/05/2007 78.2million at 28cents - raise $21million
07/12/2005 127million at 15cents - raise $19million
18/11/2004 86million at 04cents - raise $3.4million

Barring one,every single raising has lead to a destruction of wealth.. even the capital raised in 2005 (5years ago) @.15cents has created no returns for SH...

KIK - This is even worse

21/06/2010 46 million at .14cents - raise $6.5million
11/06/2009 58million at .14cents - raise $8.1million
16/06/2008 50million at .23cents - raise $11.5million

since the last raising the SP has dropped 50% almost..

investors need to very cautious with their hard earned $$$... yes they might have attractive assets but the management has constantly failed us and if history is anything to go by then future atm isn't looking bright... yes may be when gindarra is drilled and they strike oil, fortunes might change but that's a very big gamble to take..everyone on their own merit i guess!

gl all!!