Originally Posted by
Roger
If you would allow me to interject for a second, the NZO price this time last year was over $1.75 and is now 82 cents, less than half. The share price has fallen since the PRC event to a significantly further extent than is warranted by the complete write-off of the funds invested in and loan advances made to PRC, assumming those amounts are completly written off, which looks life a pretty safe assumption to me. This drop is against a background of high oil prices and a lower exchange rate against the American dollar so NZO should be "caning it" in terms of revenues from Tui and Kupe.
NZO hit a six year low today and I believe the market has spoken that it is not at all impressed with NZO and its track record in recent times. I also believe the market is most unimpressed from a commercial perspective about the handling of the extra funding matter previoiusly eluded too at some length.
I'm with Balance on this one and think Unicorn, your question is completly invalid.