sharetrader
  1. #11141
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    No pun intended to anyone, but this buy back of shares is a joke when they are diluting it by issuing 3 times more shares. Are they going to buy back 1 million shares or 10 million? Cant be bothered to check. Still a value buy!

  2. #11142
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    Approved to buyback 10million

  3. #11143
    Advanced Member
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    Could not get all this to come through.It is on Upstreamonline.com
    Check it out.

    New approach: New Zealand will offer about 25 blocks in its first licensing round since announcing changes to its permitting system


    Related stories

    NZ takes new bid approach
    NZ to define exploration areas
    New Zealand has 'ambitious plans'
    .
    digger

  4. #11144
    Guru
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  5. #11145
    Senior Member upside_umop's Avatar
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    Quote Originally Posted by Awamoa View Post
    "We all benefit if the share price rises significantly"
    I doubt whether too many disagree with this statement.
    The major discrepancy is when the share price declines.
    So far there has been no evidence of employees taking a proportional pay cut.
    A lot of the shareholders wrote large cheques for $1.50 per share.

    Dont think you will ever find a company that gives 'proportional paycuts' to salaries based on shareprice performance.

    ESOP ensure's that management and shareholders interests are aligned - as Chris said, he still had to pay $1.23 per share to the company.

  6. #11146
    Senior Member
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    NZOG Chief Executive Andrew Knight says "John has been consulting to NZOG for
    some time and most recently helped us with our expansion into Tunisia. I am
    very pleased to have someone with his knowledge and experience join us
    permanently. John will be a key member of the senior management team at NZOG
    and I expect him to contribute strongly to the company's future success."

    LOOK FORWARD TO THAT WITH BAITED BREATH!

  7. #11147
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    quite right. another overpaid exec sucking at the nzog nipple.


    Quote Originally Posted by fabs View Post
    NZOG Chief Executive Andrew Knight says "John has been consulting to NZOG for
    some time and most recently helped us with our expansion into Tunisia. I am
    very pleased to have someone with his knowledge and experience join us
    permanently. John will be a key member of the senior management team at NZOG
    and I expect him to contribute strongly to the company's future success."

    LOOK FORWARD TO THAT WITH BAITED BREATH!

  8. #11148
    Junior Member
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    Quote Originally Posted by notie View Post
    quite right. another overpaid exec sucking at the nzog nipple.
    fully agree, this co. only attracts wrong type people, it is sad to be its owner

  9. #11149
    Member
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    Default Rumblings

    I see others have not missed young Andrew's lollies:

    http://www.stuff.co.nz/business/indu...s-share-option

  10. #11150
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    Sadly I think the vote will likely go in Andrew's favour because the majority of NZO shareholders are small-holders who are not sufficiently motivated to vote against (if they required a >50% turnout from shareholders it would be different I'm sure). This means it will be passed by the instos who, for whatever reason, will be supportive. I have no objection if the strike price was $2 per share because then everyone wins and the CEO really will have to earn it. However, but $1 is far too low. Over the next 5 years NZO shares are bound to range above $1 for various reasons not connected to the CEO's performance. That leaves little incentive for him to work too hard for us. There are far too many lollies being dished out by this company. It's been nearly 10 years since anyone added real value to the company (ie, discovery of Pateke). We have to get back to wildcatting mentality instead of this nest-feathering.

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