NZ,
"who's ever seen a O&G stock drop in price whilst a high value drill is taking place?"
Par for the course with NDO I'm afraid. Same thing happened with Gindara (& some other drills) which as we know had great potential as a high value possible resource.
I completely agree with your comments regarding the liquidity of the stock. This thing ain't going nowhere with over 1 bil shares on the register. IMHO, even if we have success at Bara, the sp will struggle to get over 10c. In my view, a sad and unfortunate truth.
For the sp to appreciate, something will need to be done. Believe me, I am no fan of consolidations but I can't see a share buy back occurring at this point. Especially not whilst we are giving cash bonuses to the CEO and Directors. Just doesn't make sense to me. Surely bonuses need to be gauged via the success of the work undertaken, not merely having a crack at it.
Sheesh, the current sp is demoralising.
Just sayin'.
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