As you were saying before Oz the share price is now down to 5c trading online if you were to buy now you can make 10% if you believe the deal will go through at 5.5c. At what price will it trade down to if the market believes the deal will get blocked?
NIDO could easily have $40million in cash by the end of the year without a deal, valuing oil production from 2015 till 2020( thats five years forecast production), granted it will drop off, they will get for 12 million a year, doesn't sound right does it.
Sell the rest of the assets off for $20 million, close the administration 5 million a year, no directors etc another $2 million a year.
That's another $7 million a year
No more technical people either just a few to keep galoc on track or outsource it to OEL for a fee.
So in effect they BCP get 5.5 years of free oil with at least a seven million saving and to boot fill there refinery.
Maybe we should get the BCP gut to come and run the company like a business.
Can anyone do the maths and this is the best deal we can come up with! WOW
NDO Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
