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Takeovers Panel - Nido Petroleum, page-3545

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Yowie21

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30/07/19

21:37

Post #: 39770420
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Originally posted by Yowie21: ↑

Keen to see how it reacts to 24-25c a little close to the quarter report for me but I see value at this level.

You just cant predict how the market will react to the figures. I know you put out a good cash projection and that is all spot on but still can't believe they didn't raise. WG converting though changes my thinking on that, I think cash flow positive is a chance in a million but if any management have significantly put hand in pocket to convert options (in own name, and own pocket) then my position on that shifts somewhat.

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You can see in the chart above why I highlighted on the 26th 24 to 25c and how it reacts at this level as a key, the more I look at it the more I like it. PA usually preempts FA.

Last edited by Yowie21: 30/07/19
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