Ann: Becoming a substantial holder , page-11

Blackpete

QLD re con will take years n plenty of tendering opp there.

Instead, we have NOD goin Japan? Well, tells you something.

Why the company not taking the opp to explore more project in QLD or even NZ. Logistic, networking, geographically and dollar wise make more snese to look after your own backyard before you lawn your neighbors grass. Not to mention that 'neighbor' is quite a distance apart which unfavorable exchange rate.

NOD needs about 200-250 rev for BE. Anything lower than that may triggered another FY loss on top of slowing economy and wages inflation.

Btw, NOD is a cash burning machine and it won't be long for next round of CR well under 10 cents if no improvement been made.

Cheers and GL