re: now ward ferry sells!! Currently, NDO is in farmout negotiations for Gindarra the elephant . My guess is that any prospective partner is going to be weighing up an expensive farmin or else building a direct interest in NDO with an eye to taking out the whole portfolio of assets if drilling and production go to plan .
We all recognize that a successful Gindarra program will make current prices very cheap, and it's not like we don't have any production currently to justify the marcap . NDO didn't go to all the expense and trouble to derisk Gindarra further for fun but imo to play a strong hand in farmout negotiations . If the prospective partner doesn't play NDO's game then on market action may be the outcome .
I agree with Timbo's suggestion that whilst a large seller is exiting someone is buying .
re: now ward ferry sells!! , page-7
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Last
82.0¢ |
Change
-0.030(3.53%) |
Mkt cap ! $187.0M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.0¢ | 82.0¢ | $14.00K | 16.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12152 | 82.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 7273 | 1 |
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| Last trade - 10.20am 09/09/2024 (20 minute delay) ? |
| NDO (ASX) Chart |