Originally Posted by
trader_jackson
What worries me is that NZO plan to deploy this new found cash (from their most reliable, low cost oil well ever in NZ history, I believe) on risky mostly unproven prospects...
Might be better to simply wind up the company and pay every one 60 something cents... I know it was a surprise to many, such as Forsyth Barr, that NZO did this, given they were not that long ago talking about the extensions to life, revisions upwards, and how great it was... only to very shortly after sell it for what is a reasonable price, but certainly not great (I note GNE's share price has also risen nicely over the past few days...)
Disclosure: Sold out at 64c.. took a loss, but happy given it was a very small holding anyway.