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OEL 7.1¢

nido got a nice gift complements from otto

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    34,604 Posts.

    ""Nido will assume all production rights and liabilities associated with the Galoc Interest (including abandonment costs) with effect from 1 July 2014.""

    for some reason you gave Nido a nice sweetener "agreement back dated 1/7/2014 ~ until Otto share holders approve ( which just happened)

    this means Nido will get I assume Net Profit from Galoc starting 1/7/2014 I think equals US$7MM per quarter..total approx. US$21MM will be deducted from final payment.

    I find it hard to understand penny stocks and why they do some things. I toss and turn in bed of a night trying to figure the mentality.


    MY GIFT DATED 12 December 2014

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