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10-10-2019, 03:02 PM
#16421
Originally Posted by airedale
Not necessarily. I started buying at 61.5 cents when this episode began. I figured that there was little downside below the SoA offer. So not much risk. I might buy more at the 72 cent mark. I may be able to repeat the trick. I have also voted against the offer.
I agree... I was trying to get a few more around 70 just after the new offer came out. I missed out, but might try again around 72. I also see limited downside even if the offer fails, and worse case they get taken off me at 74...
I will not change my NO vote...
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11-10-2019, 05:44 AM
#16422
Member
Interesting analysts report from July: https://www.stockanalysis.com.au/new...e26-100719.pdf
Quotes success at Ironbark would be worth $6.51 a share for NZO, and $1.33 a share for Cue (A$)
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11-10-2019, 07:17 AM
#16423
Junior Member
Very interesting indeed. English not being my first language, what exactly does the 76% value mean in "In assessing a risked value for Ironbark, StockAnalysis assumes a success target that is 76% of the proponent's Best Estimate and ..."? I take it they are not saying a 76% chance of success. Also, a 5% chance of a value of $6.51 (I assume half of the $1.33 Cue value is inluded in this) would be $0.32 (AUD) to NZO, so without this NZO was originally rated at $0.64 - $0.39 = $0.25??
Last edited by Bart; 11-10-2019 at 07:20 AM.
Reason: Stock Analysis values were of course in $A
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11-10-2019, 07:25 AM
#16424
Originally Posted by Bart
Also, a 5% chance of a value of $6.51 (I assume half of the $1.33 Cue value is inluded in this) would be $0.32 (AUD) to NZO, so without this NZO was originally rated at $0.64 - $0.39 = $0.25??
I do not believe so. Because the Northington Report states that failure in Ironbark would cost about 15 cents per share to NZO. So that would mean about 60 cents to 45 cents. That is why with my earlier example, this is a good "gamble" ie the expected outcome is positive.
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11-10-2019, 08:10 AM
#16425
Member
Originally Posted by Wiremu
So effectively we are being offered 74 cents per share for NZO's assets (ignoring for the moment that this is less than their actual value) and OGOG would be taking Ironbark off our hands for nothing complete with its potential $6.51 per share upside - the word THEFT springs to mind.
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11-10-2019, 10:14 AM
#16426
Originally Posted by CD_CHCH
So effectively we are being offered 74 cents per share for NZO's assets (ignoring for the moment that this is less than their actual value) and OGOG would be taking Ironbark off our hands for nothing complete with its potential $6.51 per share upside - the word THEFT springs to mind.
Yes they are trying to buy the company for less than the existing assets are worth, let along ascribe a reasonable value to Ironbark (which has moderate downside versus upside potential).
It beggars belief.
For them to be successful, I still think they are going to need well north of 30 million FOR votes. That would require a turnout of 85% or more.
I don't see it happening. Ironbark is just too interesting - so Shareholders would need to feel reasonably compensated for the asset to forgo this once-in-a-lifetime drill.
Last edited by mistaTea; 11-10-2019 at 11:37 AM.
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11-10-2019, 11:01 PM
#16427
I can not see in any of these many pages discussion for the real reason why OGOG wants all of NZO. And as soon as they get it onto CUE.
To me there are two outstanding reason. The first one is the small one that I have mentioned before and got no reply comments. That being that OGOG probably has employed some new technology and knows that the true chance of success with Ironbank is very high. [maybe 95%--now where did I get that figure from].
The second is that for the last 15 years I have been following the climate debate. My belief is that we are heading for significant global cooling.This is supported by NASA and top solar scientist. I now believe that I am hardly the only one that is aware of the latest research in this area. In fact I would say with 95%{that dam figure has come up again] confidence that OGOG also is well aware of this research. Global cooling will create a sky rocking prices for gas.
Anyone wanting a true peak at our future read this.
cornwallalliance.org/2019/03/global-cooling-the-real-climate-threat/
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12-10-2019, 04:14 PM
#16428
https://www.google.co.nz/amp/s/www.n...19-10-11%3famp
Loads and loads of interest in this part of Australia, so far as exciting discoveries of new energy sources are concerned.
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12-10-2019, 04:19 PM
#16429
Member
Hmmm ...the Cornwall Alliance’s objections to the idea of global warming stem from their evangelical view that God wouldn’t create Nature in such an imperfect way as to allow it to be impacted by human activity. I’ll stick with science and what I observe around me. I suspect an OGOG driver is based on Ironbark’s value as a transition fuel, something that will only increase as we end the use of dirty fuels.
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12-10-2019, 10:46 PM
#16430
Originally Posted by arjay
Hmmm ...the Cornwall Alliance’s objections to the idea of global warming stem from their evangelical view that God wouldn’t create Nature in such an imperfect way as to allow it to be impacted by human activity. I’ll stick with science and what I observe around me. I suspect an OGOG driver is based on Ironbark’s value as a transition fuel, something that will only increase as we end the use of dirty fuels.
Your so right Arjay.. Of all the about 100 articles I have on the ever changing climate I picked that one. A real screw up. I probably am an atheist--I certainly have no interest in religion.
So science you want . Try this piece and I have double checked that god fearing stuff does not creap in.
professor-valentina-zharkova-breaks-her-silence-and-confirms-super-grand-solar-minimum/
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