Sorry i got it wrong might have gone down better with me. macdunk
Printable View
I would be disappointed if cash was forked out for PPP - perhaps give them some of their own cash in the hand - but it would have to be an all script offer with NZO north of $2.50 for me and only if Tui is upgraded. Lets face it PPP has too many shares and needs to be consolidated & no ability to raise cash for any substantial development. A weak partner in anything...
I know that we all love Tui, but if NOG are going on a spending spree, then I'ld prefer to see them going after CUE rather than PPP in order to get involved with Maari..
Hi Noggers.
I think TR will do ANYTHING! to get these oppies through. He will have a mountain of them and won't want them worthless. This is one Co. where BS works, and if that is what is needed, que sera. I reckon it will be very close... about .5 c close.
160.5
Great Comp Dunk.... good luck all.
JK
I have just arranged a bank loan to convert 100K NZOD’s. I was going to sell them if I could get 12-15 cents but decided I will not give them away at current prices. To be honest I was banking on Momoho spudding and the Tui reserves upgrade before now.
I know a lot of other people that will convert rather than give them away at the current prices.
It is hard to see NZO remaining at current prices once the options are out of the way.
NITA, i was being accused of manipulating the competition. I merely stated that since a prize was being offered i had removed myself from winning by donating my number to whoever was bright enough to work it out. I then said a sorry might have gone down better with me rather than insinuate that bragging rights would be enough to turn me into a crook. Anyway it seems i was wrong with friday being the last trading day for the options its MON 23rd so must eat humble pie for that. The winner is the person with the last sell price at the close of trading on monday. Anything might happen before then so good luck with your selections guys. macdunk
I went to an investor presentation and listened to David S last month. He was very clear when he said that NZO would not use cash to acquire (companies or acreage) for the sake of growth. Any investment with NZOG cash would have to meet stringent criteria before it was invested. David also said that they have spent “a lot” of time over the past 4-6 months looking at acquisition possibilities and said that none (or almost none?) had meet the investment criteria.
It was great to hear that NZOG would not invest any money just for the sake of it. I guess the other short term possibility would be to reduce/retire the Kupe loan until a good opportunity comes up?
Momoho has spudded. ORG have just announced on ASX. It is a encouraging release "most exciting Kupe prospect"