People seem to be forgetting Galoc is a declining income source is it most prudent to jump stright into another drill or evaluate the direction the company should be heading in. Is it wise for NDO to keep drilling like a major when it has very limited funds to do so. This was my big problem with thr 5 well campaign i always said they could afford it off galoc alone. People said dont worry we will have tindalo and when that went sour they said dont worry we have gindara. The company is in a position where they dropped the ball big time at tindalo and over promised and underdeliverd on gindara. Wake up managament Nido is not a major and need to stop spending like one. They have enough money for 1 drill presently but have no funds set aside for development of existing assets which is the big probem do holders honestly want present management to squander the money they have left or develop existing finds off lower risk plays or keep going for the "big hit" as Jocot so elequantly put it ?
NDO Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
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