Sub 60 cents now, will act from resistance from here on out (if it ever reaches this level again that is).
Still some buyers left for those that want to flee (and I wouldn't blame you either!)
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Sub 60 cents now, will act from resistance from here on out (if it ever reaches this level again that is).
Still some buyers left for those that want to flee (and I wouldn't blame you either!)
Can the co. realistically consider paying 75 cents each for 20% of cancelled shares?
Just wonder, any hopeful dreamers still left out there????
Or is this the moment of management finally coming out, revealing its true professional expertise??
$130m in the bank so that's not an issue and NZO will continue to receive revenues from Kupe & Tui.
It's more a question of whether Duncan Saville & Zeta have the guts to make wholesale changes to NZOG's strategy and management.
Market is pissing itself in the pants over falling oil prices - in six months, it will reverse as OPEC will win in the end because as the BBC puts it, their cost of production averages out at US$25/barrel and most are sitting on huge financial reserves.
Some cheap assets to pick up soon for a company with cash.
Hope your right!!!!
Not so sure if Zeta cares much about other S/Hs. but again as above.
Lots of unexpected events possible next 6 Mts, in present times more so than ever.
TWT.
So what is the best path forward? There have been such big and certainly unexpected changes in the world since the first announcement of the capital return that the company should go back and look at the idea. At the time it seemed reasonable but things have changed soooo fast that if it were first discussed today it would almost certainly not be a 15 cent return and a 1 for 5 cancellation. I seem to be moving toward a smaller return and the same cancellation,or the 15 cents with a bigger cancellation. A 1 for 4 would bring it more in line with todays prices.
What do others think?
http://www.thetruthseeker.co.uk/?p=107709
No comment, it speaks for it self!
Yes the next 6 months could be very interesting.