Thats what I was saying too - you just said it better Zigzag!
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Thats what I was saying too - you just said it better Zigzag!
Why dont some of you look at the reality of what is going on, without all this bickering about nothing at all. NZO have 31% of PRC and can expect to earn no more or no less than any other shareholder according to percentage. Dead money for a couple of years other than a share price gain up to the first dividend. They have also announced an aggressive growth strategy, which in other words simply means small dividends, if any with your money drilling more wells in the future.
Your investment will rise and fall dramatically in share price along the way, so to argue about who said what, and why, in a sunday paper is just plain stupid. Its not what they have that counts for anything, its what comes next.
Where are they going to explore next, and for what?. That seems to be the only question you lot dont seem to consider the one thing that really matters. Macdunk
mackdunk,
yes dividend decisions are a great deal... and no dividends is the greatest deal of all...
I have been studying the biggest law suite case of all time back then in 87 of Penzoil vs Texaco over the battle of Getty oil assets ....3/7ths of Getty oil was worth 1billion barrels of oil....
Getty oil was concerned about paying a meager dividends totaled at 40million dollars because they would fall behind the oil majors even further...
dividends mean nothing...
stick to campany activities mate...
:cool:
.^sc
The only reason I posted was to offer the possibility that the thousands of NZ investors that don't even know of the existence of this site( therefore not influenced either way) may have some effect on the current share price. My guess is that if that happens then it would be more likely be tomorrow.
I see that it opened up 2c so it is going in the right direction already.
My guess is it will continue.
Dunacn - when PRC is up and running why would the gullible buy it and why would they be gullible if it was up and running(assume proven)?
macd' why is prc not a good investment for nzo.......? what would be guillable about
buying into it..... ?
TIM, Its called manipulating the manipulated, or are you not aware of it. If the mine life is forty years then its worth one fortieth less eack year to deduct from the return. Eventually that comes into the equasion unless they spend up big exploring.
NZO will not stay long term collecting a few lousey dividends that would be a stupid thing to do. They will pass the parcel when it spikes up when the mine is up and running.
It might be worth a look at a take over bid play later in the play. Macdunk
Duncan - I suspect a takeover is possible, personally I would prefer NOG to sell down their stake over time, 31% is a bit large for my liking, i fact I have thought about selling my PRC shares as I have pretty good exposure via NOG.