Ahem . . . see my post of 3 hours ago!
"Timing is everything" ??
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You could not have got your assumptions more wrong.
NZO would come across as the biggest idiot of all times as NZO cannot just buy 5%.
Under the takeover code, NZO would need to buy up to at least 50% and launch a formal bid.
There will be plenty of disappointed PRC shareholders very happy to sell out to NZO at $1.15.
Watch NZO share price drop like a lead balloon.
Balance
I'll ask you again, as you have a tendency to come on "knock a poster" spread your poison & run...
Are you holding any NZO/NZOOD/PRC?
Correcting someone who is so wrong with his/her assumptions is 'knock a poster' ? More like stopping him/her from serious misjudgements and errors, don't you agree?
I like reading this thread - it's a study in human behaviour and if I can point out the errors of the ways of some of the postings, I am happy to help out.
What so you're above any criticism yourself?
Who made you the authority on NZO, that you can point out errors?
You asked for a valuation a few pages back, i gave you one, no comment, why?
I don't see any disclosure anywhere from you, why?
You show up only to highlight bad news, & put your spin on it, why?
Try using some "balance' like your username suggests...
Do Sharebroker/Minder/Haka/Icehot/Sniper mean anything to you?
If you want ANY credibility on this thread, try answering some questions.
We all know the risks involved when investing in O&G companies, as well as coal companies, its the risk v reward we are after.
well said shasta balance put you money where your mouth and explain to us your superior investments ?
Well I am still awaiting as to why Balance wants to send the first shipment of coking coal from Taranaki to Newcastle.
Sometimes a little knowledge is a dangerous thing.
Cmon Balance tell me it was a slip of the tongue. I mean we can have our fun on this thread but when it comes to facts let's get it right. yeah Right.
I am off for a month so all the best to all.Including you Balance.
why is it going to Newcastle? I thought it was going to Mumbai?
hmmm...no comment on the new Huntleys report on NZO out today?
Confirms FY08 NPAT est of $37m. Puts NZO on a PE of 6.5.
Looks OK value in my book.