the problem with ndo..., page-52

re: the problem with ndo...salty The important thing for all NDO holders is that all going to plan YGL shareholders will be paying 73% of costs for a Coron North drill - if it is good then YGL shareholders will have a price appreciation greater than NDO holders (assuming that YGL for other reasons do not issue a heap more shares in the mean time). If it is no good (and assuming YGL doesn't have much else to fall back on) then YGL will plummet while NDO will likely have a small retrace presenting perhaps a buying opportunity if other assets are looking good.

A bit like NDO vs NEO a year and a half ago - if you wanted exposure to potential nearer term cash flows then NEO was the go with risks and if you wanted exposure to potential cash flows further out in a stock that was not just drilling a few holes but attemting to build a company at the same time - then you went for NDO.

Simply a case of instant reward with risks versus a long term plan with also risks. Some went NEO for fast bucks and paid the price and others more conservative went NDO and reaped the rewards.

Same thing now - YGL have a lower market cap - a successful drill at say Coron North offers 'potentially' more upside to those shareholders than NDO in percentage terms (although maybe not in cents added to the shareprice -which is what matters to those holding since sun 2 cents) where as a duster at Coron North and YGL might be history while NDO lives to fight another day ;-)

Yes all a personal choice - lol!