From reading all the posts in the last 6 months it has become apparently obvious that NDO was a much under loved and valued stock. I don't think many see it that way anymore. This offer has really galvanized holders!
The capital raising and the capping, after years of disappointing drill results and issues with management have led to the stock being significantly under priced.
The low ball offer from BCP based on the recent short term prices, although significantly higher than the short term averages doesn't reflect the real value of this stock as an income generator maybe as far out as 2024 with potential upgrades to Galoc.
Other assets such as WL and 54A and 54B where we know there is oil are other wild cards.
What this company really needs is a great plan moving forward to return value to long term holders.
NDO Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
