Leverage Finance will do it at just over 11% finance with a third down, even if you have no head shares - must be quick though.
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Profit takers out in force today, was expecting this but not so early.... Some people give up their shares too easy *frown*
Just people looking to make a quick buck on the conversion, gotta pay those loans they got back quick smart.
This could affect the share prices for a wee while as some people will hold out longer than others.
NZO is a long termer, i think we should just avoid looking at this share for the next month or two as it does its up and down whipsaw (in an underlying upward trend though)
Now where are the nobles who were not going to exercise their options because of the dilution factor? Still being noble are we?
Oh and the great one bagging this options issue (ignoring the fact that they were issued some time back and though similar to a rights issue very different)
Gee the silence is wonderful.
Yes, still a big "If"
As DS said it has the right address, and if it does hold texas gold then im sure there will be a fair few people wetting their pants with excitement
Most broker reports have written Mohomo off havent they? last one i read said 15% chance of success (how do they get that figure?).
Late heavy selling would be those who needed cash to cover their option cheques which they will be delaying posting until the very last moment. Under the "T+3" rule today was the last day on which they could sell anything on the NZX, so that they would have the cash by next Tuesday when their options cheques will be presented (having been put in the post on late Monday).
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15% is about 1 in 6 or 1 in 7, which may be near the average strike rate for successful holes in the Taranaki Basin.
Drill holes to the north and south of Momoho-1 have encountered good flows of hydrocarbons, and they do have 3-D seismic over the whole area, so potentially the strike rate should be higher since they are drilling in a proven hydrocarbon system and the 3-D seismic should provide good structural understanding of the geological strata. Success probability should therefore be better than the average strike rate
But geological strata and structures can change rapidly over just a few kilometers, so maybe success rate is only 1 in 4 or 1 in 5.
Time will tell.