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13-10-2020, 03:28 PM
#17081
Im with you guys on this via BPT who have even more than NZO at 21%
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13-10-2020, 04:05 PM
#17082
Originally Posted by peat
Im with you guys on this via BPT who have even more than NZO at 21%
Hi Peat, would it be fair to say though that a discovery, although good for BPT, will not dramatically do much to the SP as their capitalisation is at $3b compared with NZO and CUE at $0.1b?
Don't get me wrong, exciting times all round.
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13-10-2020, 04:51 PM
#17083
Originally Posted by blackcap
Hi Peat, would it be fair to say though that a discovery, although good for BPT, will not dramatically do much to the SP as their capitalisation is at $3b compared with NZO and CUE at $0.1b?
Don't get me wrong, exciting times all round.
absolutely and that is a good thing from my perspective , and fits in a lot better with my own personal trading strategy.
For clarity, nothing I say is advice....
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13-10-2020, 04:55 PM
#17084
And I would think that in the event of a successful well, BPT have the capital & size to commercialise it, without diluting their existing shareholders too badly.
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13-10-2020, 07:30 PM
#17085
Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.
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13-10-2020, 08:16 PM
#17086
Originally Posted by airedale
Has anyone got that chart handy, the one that shows a resources company's SP rising steeply before the drill then topping out and dropping while the company sort out their cash to capitalise on the find, then rising again before production.
I would have doubts about such a chart applying to NZO and this drill .
There has not been a steep rise before the drill-a small rise only .
We are told success is likely to be binary.
My take on this is that if gas is found its so huge that the sp could multiply tenfold .
A huge find means no problem sorting out finance .
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14-10-2020, 06:53 AM
#17087
Originally Posted by fish
A huge find means no problem sorting out finance .
So very true.
Plus the ~NZ50M of nzo money sitting in the bank unallocated right now would go a long way towards covering our share of any development costs!
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14-10-2020, 12:49 PM
#17088
Thought there might have been a bit more liquidity in Aust, bugger all for now.
Glad i didn't transfer my shares over to ASX at this point...Any comments?
All science is either Physics or stamp collecting - Ernest Rutherford
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18-10-2020, 10:20 AM
#17089
Any word on the IronBark drill. I can only find that they have clearance to start the drill some point in October and Apex is in place, I would imagine it's underway now?
Last edited by LEMON; 18-10-2020 at 10:23 AM.
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18-10-2020, 10:26 AM
#17090
10 days to arrive from the day of mobilization which was roughly on the 12th of Oct, so arrival on the 22nd and drilling to start end of October weather permitting I think
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