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29-12-2020, 02:37 PM
#17251
News slow arriving - on return back over the ditch ?
a bit strange as it came from Oz in the first place ..
Last edited by nztx; 29-12-2020 at 02:40 PM.
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29-12-2020, 02:41 PM
#17252
Where do you think it goes for NZO now guys? I have been watching from the sidelines on this announcement.
Last edited by LEMON; 29-12-2020 at 02:42 PM.
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29-12-2020, 02:43 PM
#17253
where was SP before this play started - high 50's / low 60's ?
did the market really put much value on the Ironbark prospect in NZO's SP
in any case - if NTA is looked at in comparison to SP
okay sure - some cash has been thrown at Ironbark, but .. ?
Last edited by nztx; 29-12-2020 at 02:45 PM.
Reason: add more
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29-12-2020, 02:44 PM
#17254
If I remember right low 60s yes.
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29-12-2020, 02:45 PM
#17255
Doesn't seem to be a lot going for NZO now. All that remains is the draining of their current wells. Still, break-up value is still more than the current share price.
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29-12-2020, 02:47 PM
#17256
Did someone suggest Liquidating NZO earlier here ?
SP looks like it's been beaten to h3ll on back of this announcement
but NTA suggests still some value in excess of SP for those faring
the seas on a locked in Share Register, with a majority holder ..
Last edited by nztx; 29-12-2020 at 02:50 PM.
Reason: add more
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29-12-2020, 02:52 PM
#17257
The sky appears to be falling with SP ..
0.48/0.55 last 0.56 within past 20 mins
SP now 0.47
Last edited by nztx; 29-12-2020 at 03:01 PM.
Reason: add more
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29-12-2020, 03:43 PM
#17258
Junior Member
will be interesting what O.G Oil and Gas will now do. Somebody is buying big in NZ and a 100,000 buyer just came in at 51.5c on the ASX........
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29-12-2020, 03:47 PM
#17259
Member
Originally Posted by LEMON
Where do you think it goes for NZO now guys? I have been watching from the sidelines on this announcement.
Hopefully we won’t return to years of (unsuccessfully) looking for promising takeover opportunities whilst using our diminishing funds to pay a raft of six figure salaries to employees who have been unsuccessful in adding value to the company. Having not identified follow-up prospects maybe it is time to wind up? While not in the best interests of employees, it would be in the best interests of shareholders.
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29-12-2020, 03:50 PM
#17260
Originally Posted by Boffin
will be interesting what O.G Oil and Gas will now do.
Maybe they should try the SOI again... 72c is probably just about a fair price without Ironbark...
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