Originally Posted by
shasta
NZO's board should be thinking about IT's OWN shareholders first & foremost, its options are:
1. Cease funding anymore loans to Pike & await what transpires (allow shareholding %age to be dilluted, medium term strategy)
2. Look to exit its shareholding, take the loss & focus on Kupe, Tui & there exploration portfolio (short term strategy)
3. Throw more money into it to assist the long road ahead to coal production (long term strategy)
NZO has PRC shares, convertible notes, short term loans, + the coal production rights, so its a bit of a financial weave to unravel its association from PRC without putting them further in the crapper...
Personally i'd take the #2 option, but i'll assume NZO will choose #1 (for now), & hopefully not #3
Fabs, totally agree with your timeframes & cost estimates