Hi fabs
No chance of a takeover by NZO of PPP or CUE will I am still breathing. I suggest Zeta is the one to watch. At least the capital crumbs will be bankable this Friday 20th.
-d
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I suggest Zeta is the one to watch. At least the capital crumbs will be bankable this Friday 20th.
Yup, posted that about 3 odd months ago.
Meanwhile the descent has begun.
My pick was then and now that the idea is to bring the s/p down for zeta and or his associates to have a go at. it before the kitty is bare.
No sentiments like creating wealth for the s/h there.
Hope dearly i am wrong, but thats life.
10mil lost HY2015, no wonder why the sp dropped yesterday...
Being a hindsight Harry, shame they didn't spend the money now by increasing their stake as I'm sure they would have paid a lot less. ;-)
Not a bad result I would suggest.
I assume the reason why their gas prices aren't tied to the oil price is that its for NZ domestic supply & not export?
So now they spend top money on oil producing company's when they face increasing losses with Tui
while the O/P far from stable and nobody game to put a time frame on how long this may last.
Most if not all in this Co. management where handed a golden pass to earn easy money with the hard work having and still being done by others.
Like so often in cases like this, its easy come easy go and enjoy the free ride.
When this smoke & mirror exercise with Cue ends in likely failure, watch the cue S/P drop by 10-15%
The only thing they seem to be able to Manage is to throw good $s after bad.
Watch this space for another home run.
Only my opinion of course, so wait and see.
We have 3 holdings of NZO. The capital repayment was made yesterday into my ANZ bank account and my wife's BNZ bank account. However, it hasn't shown in our ANZ Securities OMCA account. Not sure why that would be. Hopefully will be there early next week-I might want to buy something with it!