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  1. #16006
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    Quote Originally Posted by JohnPagani View Post
    Nice try but my interests are the same as any other shareholder since you asked. Not only that, any interest in the transaction must be fully disclosed in the booklet, which will be sent to everyone. As I said earlier in the week, the answers to questions about valuations and all interests associated with the transaction will all be disclosed. No one has anything to hide and the reasons the directors feel their recommendation is correct will all be set out. It's always good to hold boards to account, and debate viewpoints, and the regulatory process expects you will find the information coming your way useful in informing the debate.

    You will note it is also a court-supervised process, which provides protection that everyone is treated fairly.
    As NZO is sending out a booklet to all current holders you obvously have an up to date list of all addresses.I require that list so that a balanced view can be delivered.This is a formal request.Thanks in advance.
    digger

  2. #16007
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    Quote Originally Posted by digger View Post
    As NZO is sending out a booklet to all current holders you obvously have an up to date list of all addresses.I require that list so that a balanced view can be delivered.This is a formal request.Thanks in advance.
    Good luck with that, have you heard of the Privacy Act?

    Seriously, I've a modest few of these and I have read the concerns of shareholders here which appear warranted and Mr Pagani's response which 'was' reasonable and measured imho, until he got sucked into responding to the analogies.

    Nevertheless I think shareholders would be best to wait until the full report is available and make an assessment at that time.

    Too much emotion here at the moment, it is quite possible the valuers found something material that undervalues the company, however unlikely that seems at present, on face value.

    Patience folks, shred the valuers report when it comes if it is as you suspect biased and sycophantic. But until then, reserve your opinions until you are fully informed.

    imho, flying off the handle now is not helpful to your well being.

  3. #16008
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    Quote Originally Posted by Baa_Baa View Post
    Good luck with that, have you heard of the Privacy Act?

    Seriously, I've a modest few of these and I have read the concerns of shareholders here which appear warranted and Mr Pagani's response which 'was' reasonable and measured imho, until he got sucked into responding to the analogies.

    Nevertheless I think shareholders would be best to wait until the full report is available and make an assessment at that time.

    Too much emotion here at the moment, it is quite possible the valuers found something material that undervalues the company, however unlikely that seems at present, on face value.

    Patience folks, shred the valuers report when it comes if it is as you suspect biased and sycophantic. But until then, reserve your opinions until you are fully informed.

    imho, flying off the handle now is not helpful to your well being.
    Agreed mate. Nobody should be ‘flying off the handle’ at this point. We must wait for the process to play out, review the valuation etc and assess the facts as they are presented.

    In the meantime, while we wait there will naturally be a large element of online chatter while we scratch our heads in anticipation of the booklet etc.

    People can vent their frustrations among fellow shareholders, whilst still adopting a pragmatic approach outside the online world while assessing the facts as they present 😎

  4. #16009
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    Quote Originally Posted by Baa_Baa View Post
    Good luck with that, have you heard of the Privacy Act?

    Seriously, I've a modest few of these and I have read the concerns of shareholders here which appear warranted and Mr Pagani's response which 'was' reasonable and measured imho, until he got sucked into responding to the analogies.

    Nevertheless I think shareholders would be best to wait until the full report is available and make an assessment at that time.

    Too much emotion here at the moment, it is quite possible the valuers found something material that undervalues the company, however unlikely that seems at present, on face value.

    Patience folks, shred the valuers report when it comes if it is as you suspect biased and sycophantic. But until then, reserve your opinions until you are fully informed.

    imho, flying off the handle now is not helpful to your well being.
    Sounds nice but but the booklet will give only OGOG side of the story.Propaganda works and if you can get it out quickly and suppress all other view points--well that is why propananda is so sucessful. Like you could ask, as John says there is nothing to hide ,why not in this booklet have a section opposing the director recommendation. Nothing but everything to hide.
    digger

  5. #16010
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    Quote Originally Posted by digger View Post
    Sounds nice but but the booklet will give only OGOG side of the story.Propaganda works and if you can get it out quickly and suppress all other view points--well that is why propananda is so sucessful. Like you could ask, as John says there is nothing to hide ,why not in this booklet have a section opposing the director recommendation. Nothing but everything to hide.
    That can't be answered until the report is made available. You and some others have the wherewithal to decide whether the content of the report is credible. Until then, speculation as a shareholder on the value of the company and the basis of the offer made is just that, speculation.

    I probably have a great deal less exposure to this situation than some others so am less concerned, nevertheless I do not like losing money or being ripped off. But I do accept that until the valuers report is available, imho there is not much point in agonising over the offer as it stands.

    All that said, this industry (let alone this company) has a long history of ruthless leverage of investors interests, almost to the extent that the sector should be avoided in the public investment domain. Except for speculators who understand the risks.

    Hopefully it works out for shareholders, but I fear that we don't hold the cards, we are not the dealer at the table, we are the punters and the house statistically always wins.

    Let's see what the report says, then we can make some rational decisions where to from there.

  6. #16011
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    For me the chit-chat is really useful. Thanks to all the knowledgeable posters.
    Appreciated.
    Disc: 1% of my portfolio.

  7. #16012
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    Quote Originally Posted by digger View Post
    Sounds nice but but the booklet will give only OGOG side of the story.Propaganda works and if you can get it out quickly and suppress all other view points--well that is why propananda is so sucessful. Like you could ask, as John says there is nothing to hide ,why not in this booklet have a section opposing the director recommendation. Nothing but everything to hide.
    Digger,
    Please could yo check your private messages (hidden message)
    Last edited by fish; 12-07-2019 at 08:55 PM.

  8. #16013
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    Quote Originally Posted by JohnPagani View Post
    No other interest or bonus, although I deserve one for being awesome. I'll mention your recommendation to the boss.
    Ok John the story I am about to tell you probably know anyway but only a very few in NZO have been aware of it. Awesome you claim well I think that belongs to me and one other person who once worked for NZO but as I haven't contacted him I will not use his name but rest assured he and I have done more for NZO than the rest of you put together.
    About somewhere 4 or 5 years ago Andrew Knight {AK} as our CEO was about to transfer about 50 million to Tunisia for drilling a well called from memory Cosmos. By then we had already spent too many million in Tunisia and as I was against drilling in unstable regions and being unable to keep my opposition a secret this MR X contacted me about the matter. AK spent most of one afternoon trying to sell us that it was a good deal. We knew it wasn't and did not wait for the booklet. We were going to call a special meeting over the matter but AK then discussed it again with the board and the drilling in Tunisa was dropped. Another company when picked up where we left off and drilled. The well was dry.
    Awesome hey. And until now I have told no one. The next CEO did thanks me privately and said we deserved some reward for that but none ever came. I am not paid John like you and the directors are even if I do end up forcing some decisions on you that you should be making yourselves.
    I never received a cent even for my expenses. Now I am about to find that the 50 million saved will be transfered to an overseas company called OGOG and for that I should be thankful.
    I shall put my resources into saving the company for the second time.
    digger

  9. #16014
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    Quote Originally Posted by fish View Post
    Digger,
    Please could yo check your private messages (hidden message)
    I have . May not be getting through. If tomorrow still not I will put my email address here or go through Mista tea who now has my email contact.
    digger

  10. #16015
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    Good on you digger.

    I am not a shareholder any longer but watch with interest.

  11. #16016
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    I'm following with interest, I haven't had nzo shares for years, but maybe I should buy some. Seems like plenty of value at current price from what I'm reading

  12. #16017
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    Quote Originally Posted by digger View Post
    Ok John the story I am about to tell you probably know anyway but only a very few in NZO have been aware of it. Awesome you claim well I think that belongs to me and one other person who once worked for NZO but as I haven't contacted him I will not use his name but rest assured he and I have done more for NZO than the rest of you put together.
    About somewhere 4 or 5 years ago Andrew Knight {AK} as our CEO was about to transfer about 50 million to Tunisia for drilling a well called from memory Cosmos. By then we had already spent too many million in Tunisia and as I was against drilling in unstable regions and being unable to keep my opposition a secret this MR X contacted me about the matter. AK spent most of one afternoon trying to sell us that it was a good deal. We knew it wasn't and did not wait for the booklet. We were going to call a special meeting over the matter but AK then discussed it again with the board and the drilling in Tunisa was dropped. Another company when picked up where we left off and drilled. The well was dry.
    Awesome hey. And until now I have told no one. The next CEO did thanks me privately and said we deserved some reward for that but none ever came. I am not paid John like you and the directors are even if I do end up forcing some decisions on you that you should be making yourselves.
    I never received a cent even for my expenses. Now I am about to find that the 50 million saved will be transfered to an overseas company called OGOG and for that I should be thankful.
    I shall put my resources into saving the company for the second time.
    Hey Digger. Thank you for sharing this and for looking after my money.
    I appreciate it and had no idea that this was going on.
    Regards,
    RTM

  13. #16018
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    Yes thats a fantastic tale for the little guys to chalk up and cheer about, a rarity like rocking horse droppings.Thanks for sharing Digger.

  14. #16019
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    Quote Originally Posted by Joshuatree View Post
    Yes thats a fantastic tale for the little guys to chalk up and cheer about, a rarity like rocking horse droppings.Thanks for sharing Digger.
    It wasn't just the little guys!

  15. #16020
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    Pike River Coal - NZOG's unfinished business.

    Karma says NZOG shareholders who supported the board at that time to deny accountability for contributing to the deaths of 29 miners will never reap success.

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