Major risk is still the hook-up of FSPO and associated plumbing. Risk/return equation might say hold fire till Galoc is producing at a steady rate to avoid an AED style disappointment (not that geology is similar to AED).
Future upside is the farm-in process. Has quite some way to run but no reason to think all regional majors wouldn't take a look. Question - can NDO and its advisers run a nice tight auction process to produce a set of super-farm in returns.
Icing on the cake is the increasing index position and associated requirement for passive funds to start having to pick it up for their portfolios.
sp this week, page-4
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Last
86.0¢ |
Change
0.010(1.18%) |
Mkt cap ! $196.1M | |||
| Open | High | Low | Value | Volume |
| 85.5¢ | 86.8¢ | 85.0¢ | $72.52K | 84.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1444 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 2774 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| NDO (ASX) Chart |