Not a problem Scuzzles. And welcome!
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on an earlier post we said once sp cracks nz$1.50 and it is clear options will be in the money, then the options will drag the sp higher. its going to be a wild ride for a couple of months.
still trying to find out datafor kupe south 5, we know it flowed 2,300 barrels from a verticle flow text. did they core it? - kupe south 4 had 4 cores and numerous gas intersections
M
Give me $1.65 if thats still available, thanks!
I have already said 1-70 but Shrewdy has that so is 1-73 available. Also good on you DM for doing something useful for a change,buy running this comp. Who knows i might even forgive you for calling me brain dead for holding onto NZO all these years.
I suggest that when a position is taken it is reserved and is no longer available. The next contestent can get origional and get there own number.It is two complicated to have several with the same entry.
So if not taken i would like 1-73
Got me a few NZO at 1.20 on the ASX last Friday using a bit of the money I retrieved from ADY. What a shame I didn't realise they went ex-div a week earlier than here in NZ -- I thought I was doing myself a favour by buying them on the cheap over there, when in fact the difference was slightly more than made up for by the missing dividend! Oh well -- happy to be on board -- NZO is in great shape with all that Tui cash pouring in and other projects on the go.
I have also held a handful of the ODs for ages, but given that NZO don't seem to need the cash, perhaps it would be better for shareholders if the price was to remain under the exercise price before June 30, given the amount of dilution the ODs would create if all were exercised? Alternatively, if they were all exercised and NZO still didn't need the cash, perhaps they might return it via a share buyback of some description -- could be quite a good move if the shares were still undervalued by then.
Or use the money to launch a takeover or 2??
Do not think so OTL. Many things are happening very shortly with these options. Consider the flip side of Arjay's arguement that the options have no in place call for an extension.This is true and unlike the OB's that had Opito mentioned at the time of issue.Here we have nearly 139 million options available for exercise and no clear right for extension.That is a clear two edge sword,in that it tells any big inst buyer that these options will not vanish and are very much a one off opportunity to stock up.I have had this idea on the watch list for some time now but i needed the dividend out of the way to see what effect it had. As we all now know the SP rose one cent higher than last friday even after the 5 cent payout is accounted for. That tells me about 90% certain that the options exercise stock up will take place by one or more INSTS.
So my best shot is that the money is going to come in with a high % certainty.
The company will use this money to expand in the ways already outlined on several occasions----mainly acciqusians or farm ins or move on our own drills.I do not see or wish for any return back to shareholders.To do so is a bit of admission that they made a mistake in offering it in the first place. Also we will have plenty of room for vaild future divs without inventing from failure to employ the exercise monies.
Long winded but cheers>
i was waiting for the share price / option price to dip ex div and stock up but it just went up! However most people here seem to think that the share price will be well in excess of 1.50, so would i be right in saying 6c is still a good buy for the options?
remy
Hi M.D. Can you put me in for 171? Thanks