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  1. #361
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    Another capital raise will be needed if Blue Endeavour is approved.

    https://www.stuff.co.nz/business/opi...-know#comments
    Last edited by Recaster; 27-05-2022 at 04:24 PM.

  2. #362
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Recaster View Post
    Another capital raise will be needed if Blue Endeavour is approved.

    https://www.stuff.co.nz/business/opi...-know#comments
    Of course it will. Blue Endeavour (if approved) will cost lots of money (the company does not have) and is high risk. As far as I know the first open water salmon farming operation in the world ... but hey, what possibly can go wrong - even if we don't consider climate change?

    Just wondering whether a handful of one in a century storms per decade and ways increased wave energy might be an issue for an open sea farming operation?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #363
    always learning ... BlackPeter's Avatar
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    19.5 cents per share ... so, it is official now: NZK turned into one of these penny dreadful stocks with high risks and limited rewards.

    Who would have thought that a conservative agricultural stock chaired by the well regarded John Ryder will drop from more than $2 (actually $2.70 in Nov 2018) to below 20 cents today?

    Some of the gurus here say the market is always right - but was it really right in November 2018 and is it as well right today?

    Just amazing.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  4. #364
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Recaster View Post
    Another capital raise will be needed if Blue Endeavour is approved.

    https://www.stuff.co.nz/business/opi...-know#comments
    chairman confirmed at annual general meeting that will be the case

    https://www.nzherald.co.nz/business/...LG653A5CQLV2I/
    one step ahead of the herd

  5. #365
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    Quote Originally Posted by BlackPeter View Post
    19.5 cents per share ... so, it is official now: NZK turned into one of these penny dreadful stocks with high risks and limited rewards.

    <snip>

    Some of the gurus here say the market is always right - but was it really right in November 2018 and is it as well right today?

    Just amazing.
    If you want penny dreadfuls, might I suggest PHL, ACE, or ACF, to name but a few.

    As for NZK:

    Based on what the market knew in 2018, the market was right in 2018.

    Based on what the market knows in 2022, the market is right in 2022.

    Based on what the market knows in 2022, the market was wrong in 2018.

    In spite of what they say, timing is important!

  6. #366
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    Quote Originally Posted by GTM 3442 View Post
    If you want penny dreadfuls, might I suggest PHL, ACE, or ACF, to name but a few.

    As for NZK:

    Based on what the market knew in 2018, the market was right in 2018.

    Based on what the market knows in 2022, the market is right in 2022.

    Based on what the market knows in 2022, the market was wrong in 2018.

    In spite of what they say, timing is important!
    Bravo!

    Excellent answer!

    Market and businesses are dynamic and conditions change.

  7. #367
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Balance View Post
    Bravo!

    Excellent answer!

    Market and businesses are dynamic and conditions change.
    Excellent? Not really but confirming my point.

    Market is as clueless as anybody else in predicting the future in any consistent manner.

    If you call this as "market always being right" than I don't know how in your view a wrong decision would look like. Most people are at most times doing their best according to their present knowledge ... and just look at the mess this creates.

    Does not mean they are always right.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  8. #368
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    Quote Originally Posted by BlackPeter View Post
    Excellent? Not really but confirming my point.

    Market is as clueless as anybody else in predicting the future in any consistent manner.

    If you call this as "market always being right" than I don't know how in your view a wrong decision would look like. Most people are at most times doing their best according to their present knowledge ... and just look at the mess this creates.

    Does not mean they are always right.
    The world would be a perfect place if it is possible to predict the future perfectly.

  9. #369
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Balance View Post
    The world would be a perfect place if it is possible to predict the future perfectly.
    I would disagree with this statement ... and this is easy to test.

    As we all know - God (if she exists) is able to predict the future perfectly ... given he made it. Do you really think the world looks like a perfect place for him/her?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  10. #370
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    Todays newspaper yesterday !!

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