Originally Posted by
Bilo
dsurf - are you suggesting that NZO should just stop drilling, sell down licences, sit on existing investments, manage currency properly, reduce staff to an accountant and a secretary and pay plenty to long term holders for the next 20years as Tui, Kupe and Pike deliver?
We could just produce a mimimum amount if the price wasn't deemed sufficient. Makes sense while all small holders are having their liquidity constrained. The GFC certainly contributes towards a situation where long term holders are less important than new sources of capital to management. Seems to have more value creating potential than is currently on show to small long term holders being squeezed by bigger players.