whats gone wrong here, page-7

I have posted very little on this stock so here goes.

I first bought into NDO 15 months ago and have a modest holding with an average buy in now down to 25c. The reason my average has dropped is that I topped up in Dec 2008 at 8.8c when there was little buying support. My confidence in the stock was still strong and IMO it has enormous potential with its incredible array of drill targets.

I am unconcerned by the daily movements in the SP and am hoping it doesn't trend up until I can free up some funds to top up some more. Its an unbelievable opportunity and I can't believe my luck. IMO its the best kept secret so please don't spread it around for the time being.

It seems to me that Australian junior O & G exploration coys. that don't hold Australian acreage get very little attention/interest in the media. Any exploration success they achieve tends not to generate much interest in Australia. I guess they are a little hard to relate to and seem to be treated as foreign coys (by the business media). This may partly explain the apparent lack of buying support.

IMO after NDO has made the FID on Tindalo production the SP will move up and holders will have lost the opportunity to buy in again at these levels. (By the time that happens I should have my holding bedded down).

I also hold MEO and IMO once NDO is in the final stages of securing a farm in partner for the Gindarra target then a comparison to MEO's current frenzy may be more appropriate.

I am of course assuming that NDO will go for a farminee on Gindarra but frankly I would prefer a CR to fund the exploration well so that we retain as much as possible of the 60% interest we hold. IMO Gindarra is a potential coy. maker for NDO and if it is successful NDO should then be able to progress the rest of its exploration program.

ANZ