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  1. #15161
    Legend Balance's Avatar
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    Quote Originally Posted by Andrew View Post
    Would have been easy to get 100% acceptances, all they had to do was to throw the money at it. But no, they did the responsible thing and got what they could at the best price possible. Actually I would have to pat them on the back, only getting 48% means that they did not overprice their offer.
    Actually they should never have bought off Todds at 10c per share.

    Sp now is 6.1c - 39% loss.

  2. #15162
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    Not sure anyone saw oil price crash apart from you Balance?

  3. #15163
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    Quote Originally Posted by tim23 View Post
    Not sure anyone saw oil price crash apart from you Balance?
    Nope - just saw incompetent, unethical and immoral management.

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  5. #15165
    Senior Member kizame's Avatar
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    Isn't it interesting, a year or so back we were lucky if we had 50 yrs supply left,best not to believe the hype.

  6. #15166
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    https://www.nzx.com/companies/NZO/announcements/279101

    Why couldn't they just pay a dividend???

  7. #15167
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    Quote Originally Posted by trader_jackson View Post
    https://www.nzx.com/companies/NZO/announcements/279101

    Why couldn't they just pay a dividend???
    Yeah cause the last share buy back was real good for the share price.........

  8. #15168
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    Quote Originally Posted by Sideshow Bob View Post
    Yeah cause the last share buy back was real good for the share price.........
    Suits Zeta just fine.

  9. #15169
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    If you think Zeta is just getting rich on all this, to do with NZ Oil and Gas, buy some Zeta shares on the ASX and get rich as well.

  10. #15170
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    Some investors hate dividends, they feed the tax man. Some investors prefer value and the ability to manage tax against loses. Different strokes for different folks.

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