tdo is now well below the full ipo price, and the oil price has gone up how much over the same period of time? 50%? ....and they still have some oil "reserves", is it 4 million barrels or 3 million or 2 million ????? I cant remember exactly but it must be worth something approaching a fire sale price (ie the current shareprice??).
Whats the value of oil in ground these days? A$50/bbl? At 2m bbl recovered thats $100m. And the rest of the exploration and permit comes for free??
Veritas say tdo is worth 60c, and they have a good analyst.
Always do your own research, never rely on my posts.
TDO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
