I don't have the info but I'm sure the share price only reached $1.30 mid last year not 3 years ago as Dunacn states - in fact I'd be really annoyed if I was wrong!! Help!
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I don't have the info but I'm sure the share price only reached $1.30 mid last year not 3 years ago as Dunacn states - in fact I'd be really annoyed if I was wrong!! Help!
Kupe KS6 development well should next week start final section of the batch drill production well.
Any thoughts if there will be a production test at this juncture before proceeding with final stages into KS7?
KS8 into the northern section has potential to increase reserves according to the McDouall Stuart Energy report.
M
The shareprice did reach $1.30 about 3 years ago and the nzooc reached about 60 cps.
Duncan is correct and most likely will never to forget his experience of buying high and selling low. This occured during his time line theory which he broke his golden rule. A bit like a woman scourned hence his dislike for nzo management.
in saying that, one needs to put eveything into perspective. effectively the sp now is what it was 3 years ago. that is if you want to look at the worse case scenario. if you want to look at the glass as half full then you will know that the sp hit a low of 25 or 26 cps only 5 years ago. so for the ones that brought at that point and still hold have made an astonishing 400% gain over 5 years. average 80% gain each year. yet we still hear how nzo is not doing well. watch out when they do.
actually, last year the sp was cranking into overdrive hen got wammied by the correction. however, while many other stocks are in a little meltown mode, nzo is going gangbusters. ods are now a 40% chance of being in th money. if that is the case thn the oppies are a steal at current prices. I would be intrested on where other people saw the chances of options converting. Unicorn, any opinion?
Ouch!!
PS Are you sure?
TIM, The share price was exactly $1-25 three years ago to date. Makes you wonder what you are raving on about when the market was in a bull run for the last two and a half years. Hope that you still participate in pass the parcel. Only having you on mate goodluck with the options. Macdunk
Macdunk is right. Three years ago, a lot of punters got overexcited, and pushed the shareprice up too far, too fast. At $1.30 or so it was looking very speculative. That was the time to sell down. It has taken the last 3 yrs for the reality to catch up to the hype. In fact the pendulum has swung too far the other way to a point where NZO is now undervalued.
Some benefits / profits which NZOG gave to its shareholders were “invisible”. Macdunk’s case could be a good example: - Because he held NZO two years ago, he consequently had NZOOD. He sold his NZOOD then bought PPP.ax , he then sold his PPP with more than double the money and bought into AGM and ………....... Now he has more than triple of the money in A$. These profits are from NZOOD, “indirectly and invisibly” from NZO.
Cheers
So $1.25 3 years ago is actually $1.30? so I was correct after all??
Tim, the McDouall Stuart report, page 18, says the maximum share price in the last 3 years was $1.32.
actually about 3 years ago there was a pump and dump. 1m oc's went through then the price came a tumbling down. some know who the seller was........moving along