Yes bacci
Iim still a holder and I too believed in there story , Galoc cash flow and money to explore other areas. Unfortunately we were screwd by the MD who pretended to be working for all shareholders not the recent majority shareholder with other motives.
Even if this well is successful there is no incentive for buyers due to the situation that we are in now.
I cant see the price increase and the director are quite happy to see it linger. (I bet they never counted on the oil price drop)
ASIC will be visiting this Companey but unfortunately we cant turn the clock back, the damage is already done.
If you look at OEL , now thats a companey that is looking after the shareholders.! You pay 9cents for the share sale of Galoc will return 6cents to "all sharehoders" that means they will explore Elephant country and give you an entry price of 3cents a share.
Chass
NDO Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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