Whilst reserves will add a level of investment security over the stock, Tindalo is really not about long term reserves but predominantly about getting cash - lots of it . Management reckon the elephant reserves are in our other prospects and the cash generated by the current wells is about delivering NDO shareholders the maximum independent equity position for the attainment of that future massive reserve inventory .
Massive volume today with a VWAP of 22.5 .
It's very liquid but possibly a difficult one for short termers to profit from .
Whilst reserves will add a level of investment security over the...
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Last
85.5¢ |
Change
0.005(0.59%) |
Mkt cap ! $194.9M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.5¢ | 85.0¢ | $96.28K | 113.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 29650 | 1 |
View Market Depth
| Last trade - 15.00pm 11/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |