sandy, page-24

galileo,
I can see your point in relation to speculation of the stock. But as I can see a lot of oil stocks on ASX which have very good fundamentals and according to their recent yearly reports they have increased their production, producing higher profits in comparison with the previous periods but their SP are under big selling pressure in the current market conditions and the majority of them are in strong downtrends. What is the major force which drives these stocks down? The answer is simple - MARKET SENTIMENT.

As I can see in relation to NDO this company is still at the development stages, so the speculation stage will be for quite a while for this stock until the company will start to produce real profits visible in their quarterly reports at least. However as we know even at the development speculative stages the SP can be driven quite high (FMG is a very good example in this regard).