Originally Posted by
neopole
what an awesome report!
this does answer alot of things for me, and shows the path that NZO wishes to take...... elephant hunting.
the comments about the divies or share buybacks is interesting.
to me it seems that all the profits generated will be sunk back into exploration or purchace of, or into other companies. and with no one ( major instos) paying much interest in NZO the share price would seem to stay low with occational spikes due to speculation on good and bad news. the general long term investor would seem to be the crutch that holds this company up while the directors collect salaries and bonus's and the traders trade the share.
some how i cant see the options in the money at all now. investors get nothing for their risk of converting the options for $1.50, traders are in and out for profit, so they wont convert, and there are not many large insto stake holders, the question is........
who would convert their options at $1.50 and most importantly.......... WHY?
gee...... am i sounding like MacD?