In short its called Shafting the S/Hs.
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In short its called Shafting the S/Hs.
Hear hear Dodgy - I sold all my PPP the day the Oi craziness was announced - it seemed like a fools bet to me and was such a huge gamble compared to the size of the company and cash reserves at the time....
I don't understand how come fabs and pie trade have thumbs down for their comments - please point me in the right direction to give them a thumbs up!
Trying to find some information on Zeta Resources Limited, the major shareholder. The Companies office only has a struck of company under that name. Can anyone shed some light on Zeta?
Thanks
http://zetaresources.co/
There is comment on them through this thread as well
This from their Web page - PPP is under valued....
Strategy
Zeta’s aim is to maximise total returns for shareholders by identifying and investing in assets and companies where the underlying value is not reflected in the market price. The company invests in a range of resources entities, including those focused on oil and gas, gold and base metals exploration and production.
Interesting Take.
Corporate CEOs are tired of the drudgery of actually running a business, and have grown cocky after years of rising share prices. Combine these two attitudes with the aforementioned easy money and you get empire building. In other words, today’s buyers are thinking mainly about future cocktail parties and industry conventions where they’ll be treated like royalty. Shareholder value is taken for granted. The inevitable result is a string of deals done at prices that will look insanely inflated a few years from now.
Cue acquires US conventional onshore oil production.
Current production from the field is approximately 90 barrels of oil per day and the acquisition
is expected to add approximately 300,000 barrels of 2P reserves net to Cue. This is an
increase of 7-10% to Cue’s daily oil production and more than 10% to Cue’s 2P liquids
reserves.
The Pine Mills field includes 14 currently producing, conventional, vertical wells, two water
injection wells and a further 13 currently inactive wells. Cue believes that there is significant
opportunity to quickly increase production from the Pine Mills field through the low cost
workover of producing and inactive wells.
The Pine Mills field taps the prolific Woodbine trend, which includes the East Texas oil field,
150km to the east of Pine Mills, which has produced more than 5.4 billion barrels of oil since
its discovery in 1930
http://www.asx.com.au/asxpdf/2015060...0fgkwpk0pd.pdf
Might help the NZO shareprice.