Originally Posted by
duncan macgregor
Its not what you earn that counts as much as what you do with it once you have earned it. That applies in personal life as much as it does in company life. We all know people with modest incomes that accumulate great wealth. We also know people with huge incomes that end up with nothing. NZO at the moment has a huge income with a modest life span. Some people here only rave on about the huge income forgetting its what they do with it that counts.
They might spend the lot on a bigger much larger drilling program, where success or failure is in the lap of the gods. They might also batten the hatches down swilling at the trough for as long as it takes, and screw the shareholders for more funds on a continual basis.
The company appear to greedy and secretive for me to entrust my money with them, thats why i walked out the AGM and withdrew my funds because of lack of trust. Its what you get back that counts in dividends, or in a rising sp which as you can see has very little to do with company earnings. We all know what they earn but nobody knows the direction or spending policy the one thing that matters in business. Macdunk