NZO's May announcement stated:
PPP shares held: 43.8million
PPP options held: 19.5million
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NZO's May announcement stated:
PPP shares held: 43.8million
PPP options held: 19.5million
Yes a good price. Who sold but who purchased? Looks like the takeover action is nigh.
NZO sold to AWE is my quess(only)....and they did a deal on more acreage close to Tui.
F
Announcement on the ASX made just after market that NZO did indeed sell them, but to who?
TAP has just over $100m cash at present, could be them?
Well, the fact that NZO no longer have a 10% blocking stake
could open the way for some T/O action [:p]
That is the right question,and the answer will most likely be soon coming. If they were sold to one party,then the buyer must become a substantial holder and we will get a release to the exchange. With 433 million shares it take 21.7 million to be more than 5% so the 22.6 million if sold to one party will require an stock exchange release. Also that assumes the other single party held nil before the recent purchase,so they could be well over 5%.Quote:
quote:Originally posted by Sehnsucht888
Announcement on the ASX made just after market that NZO did indeed sell them, but to who?
Digger
You are onto it however the plot thickens. Latest 3B with option conversion has 450 559 863 shares.....so still below 5%.
If there is no SSH notice tommorrow and considering recent volumes and upside...we have 2 suitors.
NOG will have sold to AWE. AWE srcip bid likely IMO.
F
nzo now have ready cash to exercise their options @ either 17c nz or 15c au - the later will probably be the go.Quote:
quote:Originally posted by grumpy
Well, the fact that NZO no longer have a 10% blocking stake
could open the way for some T/O action [:p]
thus nzo will regain their blocking stack if they want do.
daresay they sold to a friendly company/person.
M
Indeed but it raises the stakes significantly with another 5% odd holder.
F
ok, lets hope for 2 interested parties so we can into a bidding war (I thought the Hector drill was going to be entertaining enough :) ).