when replying to noties posts,keep in mind that out of 100 posts since he joined,99 have been slagging NZO.
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when replying to noties posts,keep in mind that out of 100 posts since he joined,99 have been slagging NZO.
Notie = Duncan?
It really makes you appreciate those excellent posters that generously share their research and expertiese
Sorry to dissapoint you Tim but NOTIE is not duncan. I am one of the few who post under my own name. I agree however that NZO management are a hopeless bunch and bailed out a few years ago after listening to the waffle at the AGM in Auckland. I also warned you lot about PRC from start to finish with that bunch of incompetants. Macdunk
Sorry, that was a bit loose, I agree that the buyback is not legally required, it is legally approved. But if you think that NZO's board will either want to raise cash any time soon, or believes its shares to be so undervalued as present a takeover target, then an ongoing buyback campaign is highly likely.
The Dominion today reported that the receivers of Pike River Coal are funding six to eight weeks of efforts to stabilise the atmosphere within of their mine. Those receivers are well aware that, given current levels of capitalisation, their only duty is to recover value for secured creditors NZO & BNZ. Therefore they must see some value (to NZO) in their mine once its atmosphere is stabilised.