Dont forget that A T bought shares all the way up last year or so paying from memory .70 so in the light of this he now is taking advantage to average out.
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Early start to hurricane season in the gulf mexico.
Most oilers are up today
ppp leading the dainers on nzx so far today - up 5.96%
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"1,000,000 Options to be
exercised at an expiry price of $0.20 up to and including 30 November, 2014."
i really hate this sort of stuff.
so the directors dish out a million share to be exercised in 3 years time and all they have to do is get the sp up by 6 cents to be in the money.
this doesnt give share holders much inspiration for the next 3 years.
or......... it gives the option holder a massive windfall if this go well.
i see stuff like this as bad news.
article re ppp
http://nzresources.com/showarticle.a...0&gid=30002650
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PPP market cap of $67m with $94m cash in the bank.
What's the story. The market has zero confidence in management who seem to be extremely overpaid and just milking the company?
There may be an element of that but directors have very large shareholdings in PPP and have huge stakes in the success of the company.
I don't know that M/Cap v cash held counts for very much in valuing oilies. It's very easy to spend millions on dry holes and successes are few and far between. The best interpretation to put on PPP's $94m cash is that it will fund a fair bit of exploration and drilling without recourse to shareholders for some time. Just IMO.
...giday....why not pick up the phone and ask them....cheers...
wonder when ppp will advise about more drilling in vietnam - its on premier oil website
it's a different prospect the the ca rong do discovery that is under development studies
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