Safely checked in... to be fair, the date I looked at benefited from a small spike on news of contracts being awarded for Galoc ph2. That potential has now been realised and derisked with lots more potential in the wings and yet here we still are in the low 3s.
At the time I had this at the very bottom of the bottom drawer but since then it feels to me like the company has turned around, even if this has not yet had significant impact to the share price.
As for capital returns, with a bit of luck after the next few months of drilling we will need to keep the powder dry for follow on work, not to mention a development at WLA
Hmmmm, check back on this thought in 12 months...
NDO Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
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