News slow arriving - on return back over the ditch ? ;)
a bit strange as it came from Oz in the first place ..
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News slow arriving - on return back over the ditch ? ;)
a bit strange as it came from Oz in the first place ..
Where do you think it goes for NZO now guys? I have been watching from the sidelines on this announcement.
where was SP before this play started - high 50's / low 60's ?
did the market really put much value on the Ironbark prospect in NZO's SP
in any case - if NTA is looked at in comparison to SP
okay sure - some cash has been thrown at Ironbark, but .. ?
If I remember right low 60s yes.
Doesn't seem to be a lot going for NZO now. All that remains is the draining of their current wells. Still, break-up value is still more than the current share price.
Did someone suggest Liquidating NZO earlier here ? ;)
SP looks like it's been beaten to h3ll on back of this announcement
but NTA suggests still some value in excess of SP for those faring
the seas on a locked in Share Register, with a majority holder ..
The sky appears to be falling with SP ..
0.48/0.55 last 0.56 within past 20 mins
SP now 0.47
will be interesting what O.G Oil and Gas will now do. Somebody is buying big in NZ and a 100,000 buyer just came in at 51.5c on the ASX........
Hopefully we won’t return to years of (unsuccessfully) looking for promising takeover opportunities whilst using our diminishing funds to pay a raft of six figure salaries to employees who have been unsuccessful in adding value to the company. Having not identified follow-up prospects maybe it is time to wind up? While not in the best interests of employees, it would be in the best interests of shareholders.