good news -Now announce some more
Very happy to be holding my recent purchase of 74400 NZO's esp. when my ASX portfilo is getting hammered-One of many factors to stir the market in rerating NZO closer to 1.50 will be recording a higher NPAT profits than expected and now with an increase in reserves NZO should have higher cashflows for longer which will blend in well with NZO's other project cashflows coming onstream
I am 100% confindent NZO will be 1.50+ this time next yr (sooner rather than later would be even better)
--Revenues are likely to be well above last month's estimates of $100 million this financial year and could head close to $170 million on present high oil prices.--