Not sure about uninspiring mr Big. , more like management just seem uninterested. I tell you what is uninspiring though is that Galoc production chart. Tell you what it won't take long to run dry at that rate of decline. CAPEX of 250$ mil for WL was always going to be a struggle and that's the reason no value for it has been added to Nido. FID is way overdue and I think Nido would or are struggling to get finance to the tune of $50mil + for their share. That's not counting any overruns which are a given really. They need someone like Kufpec to come in but the small guys are free carried to first oil so that would mean diluting the big holders portions. What if the others don't need to farm down their share and Nido are the ones dragging their heels?Pull their finger out at Galoc nth if you ask me and dedicate resources and money there with the likes of Otto and Kufpec it would be a goer. To be fair most AGM's are dull and I've never learn't anything new by attending any. They are just a rehash of old news and mean't to give you a warm and fuzzy feeling about the staff and the company. It's business as usual the next day. Anyway , the market sentiment is still way down and punters busting to get out at any cost. There will be a lot jumping ship with no result at Bara but I also know quite a few million that will be hitting the market with or without a result as they have just had a gutfull. All IMO of course.
NDO Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
