NDO 2.22% 88.0¢ nido education limited

Galileo,You raise a very good point in that NDO are in a healthy...

  1. 59 Posts.
    Galileo,

    You raise a very good point in that NDO are in a healthy financial position. And this is only going to get better once we see cash from the sale of oil.

    For all the pessimists, sure oil has decreased over 50% from the highs 3months ago but remember the AU$ has decreased relative to the US$.

    NDO have projected numbers for both US$80 and US$100 oil and this was done at a time the AU$ was at 90c odd to the US$.

    Today we are at roughly 68c to the US$ and oil is at US$70.

    Projections @ US$80 for 4000bopd when US$1 bought AU$0.90 = (roughly) AU$350,000 per day.

    Today @ US$70 for 4000bopd when US$1 equals AU$0.68
    = (roughly) AU$410,000 per day

    Now if that isn't a healthy financial position well i don't know what is.
 
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