Last year CUE reported 18th of August, and NZO 25th of August so not too far away....
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I see Cue reported yesterday.
All this noise about moving the primary listing to aussie as a solution to NZO's low SP...no change in market value.
As I have pointed out many times before, NZO will never be valued at what you might think it should be because 70% of shares are locked up by OGOG and the stock has no liquidity. Investors are only prepared to pay a 'fair price' if there is liquidity (so they know they can get out fast if they need to).
So even when oil prices go up, you don't see much of a rise (if any) in stock price. Same with gas prices.
If you are a holder of NZO, you have to view it as though you are a minority partner of a private business and ignore the SP. So long as you never plan to sell, perhaps in the future one day you will come good with some dividends. But you have to be happy to ignore the SP, and be satisfied with the decisions OGOG are making on your behalf (and that those decisions are mutually beneficial - not just favourable to OGOG).
Expect we could see the quarterly cashflow tomorrow.....
?expecting income to be more than doubled.
Expenses also up due to the -pv 12 drill-still will probably be a valuable asset with all the rock fractures
If successful I doubt if 74 cents will be enough-no point speculating as a takeover offer is not on the cards
Well we will only know if PV-12 will be worth all the millions spent if we actually see some commercial gas flows from the new plan with the horizontal lateral into the Pacoota P2/P3 .. hoping so... still would have been much happier had they been able to drill to the large target trap that had the very large prospective Gas resource ... we don't even know what kind of prospective target we are looking at in the P2/P3 could be minor with a very fast decline