since may 2013 I started buying ..at 4.5c ..then all the way down to 3c .. i was buying.
why ??
Oil Production and cash-flows were increasing in 2013 onwards ..
cash in bank = 30m .. More Development options available with Nort5h Galoc and WL reserves in place .. ..
wasting time on wildcat drilling was the sp killer for me .. but hey i got slammed in HC for not going along with the need to drill !! .. all i wanted was for NDO to Develop our reserves or Bank the cash ..pay Divs from current production.. etc etc ..
just as the TO player is doing NOW at 5.5c.. only now you see its value ??
.. it was always about the CASH FLOW in Bank
for me ..i saw 7c all over NDO just from the cash cow buildup over 2 years etc ..
NDO Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
