Good one, Moosie.
Just be careful it is not one of the poisonous ones!
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Balance ..I reckon your loathing of NZO is about equal to my loathing of TEL...Im not sure if this a bad thing or indeed a good thing.
Anyways I sold my 30 year something holding in NZO (down to 35k) a few weeks back...It does appear that I get a bit more flack than you...despite the fact that TEL would have to be a perfect example of an enterprise that is/was allowed/able to screw the NZ population for so long...in addition it does give me some satisfaction that I am indeed not alone in thinking this...
now after several weeks we get a long disclosure announcement posted. NZO management knew of this before even signing up to the drill, yet they let the SHers hang and speculate for all this time while quietly sitting on their bottoms saying nothing about the disclosure process from a foreign country.
they knew all this, and sat on the information anyway.
now that there might be something "happening" but arnt allowed to disclose anything because of these rules they knew about we the SHers have to wait.
in the meantime those in the know get to buy shares or tell their mates..... completely protected from a foreign nations laws.
if you believe that the oil rig workers, their bosses from 3 companies, the boards from 3 companies and their friends and families and state officials in 3rd world countries and their friends and families can all keep their mouths shut to be compliant to 3rd world state laws then i guess us shareholders are being looked after fairly....... excuse me while i skull a tui........ or NZO should go into a trading halt as the rules governing NZO in the cowboy NZX are a bit tougher than 3rd world markets........ second tui consumed....... this is just a joke and NZO management knew this from day ONE.
if the well is to be dusted....... we are the last to know by a long shot.
if its commercial..... the SHers will still be the last to know.
and any breaches of rules if proved.... will mean diddly squat.
having said that...... i hope this well is successful, but it does seem that that there are two types of shareholders.
them and the rest.
in the meantime, there are small oilers making money in NZ exploration which NZO seems to snob.
I share your sentiments towards Telecom 100%.
Ran by the directors and managers for the benefit of the fat cats Americans and Fay Richwhites of the world.
Traitors to the best interest of New Zealanders.
Squanderers of wealth (blew themselves up twice in Australia - billions of dollars) and left NZ communication infrastructure in a state of disrepair.
Imagine how davanced NZ would be with our internet etc if the $3 billion squandered by Rod Deane and his puppets had been spent on upgrading NZ's infrastructure?
And for that, Rod Deane gets a knighthood and Teresa Gattung gets tens of millions of dollars in pay!
With all due respect Balance you have not expressed the true extent of how the NZ public...have been abused by TEL....for example...why are NZ's such great texters.......because phone calls are so expensive....
What is very provitable for TEL/VOD.....is....text messaging ?....well that really blew me away....
""fat cats Americans and Fay Richwhites""
please dont bring them into NZO discussions..... i'll get wasted on tui's.
what i really hate is those teenage movies where these "prickles" always get their just deserts.
it might happen overseas.....(( but not in kiwiland.... where prickles make 100's of millions and enjoy their lives...... always happens and keeps happening))
or 3rd world countries...... great place for NZO board to explore in.
sorry for my outburst..... tui taking over.
I was in Singapore last year and what blew me away was the fact that everyone used mobiles, even from their homes. My host told me that mobile calls are cheaper than landlines!
Then, I paid S$18 (NZ$17) for unlimited wireless superfast broadband for 5 days!
That is what NZ could have had if Rod Deane and his puppets had delivered - instead, they screwed New Zealanders to second world status.
$#@^%$ - that's what I think of them.
Took Helen Clark going to South Korea and becoming totally embarrassed at the state of NZ's information highway when she experienced the Korean's super highway for her to decide to sort out Telecom, female at the top or not.
"What", she exclaimed, "They can download a movie in 5 mins and it takes a whole night to do so in NZ and half the time, the file is corrupted because of disconnections?"
"What have Teresa and Deane been doing?"
"They have been taking turns screwing New Zealanders?"
The analogy used was that the Koreans had a 20 lane super information highway compared to NZ's single lane dirt track!
But at least there has been a clean out at Telecom while as NZOG still have some of the tired old faces and still treating shareholders like mushrooms.