Takeovers Panel - Nido Petroleum, page-2033

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Froggy $

2,296 Posts.

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26/03/19

17:14

Post #: 37890273
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Originally posted by Yowie21 ↑

They really need to raise at 18 or above or face a potential backlash from twynam and building on the rock. WGs clients will give him some latitude but there is next to no loyalty when money is involved, he has given his own clients price guides and timelines but gotten no where near them.

What price FGR if those two sell out? I shudder to think.

Diabolical day today and I guess I will get a chance to make amends for my missed trade off 14 from the other week. You are better versed in FGR corporate stuff than me these days, can they make it to late may without a raise? If they don't get NICNAS as stated and then announce sales also as stated it will get very messy.

Obviously you can't predict what the market is going to do but the situation they might find themself in if any of NICNAS/sales don't come through is the exact same stuff I have been going on about for years. The management is well below average having not planned any contingency yet again, the earlier mentioned Firestop situation is one example of this, what contingency do they have in place for Firestop if UoA can't produce? By my count final certification for Firestop is about 18 months late, do they have any answers to this? Or will Firestop go the way of BEST which was meant to have a working prototype for display 18 to 24 months ago. Does the Firestop IP owner hold a clause over non development? Could firestop end up with someone else?

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A coupleof voluntary paycuts, unless a sale agreement happens asap would be nice ...
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Takeovers Panel - Nido Petroleum, page-2033

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