I suppose being called a broker is more polite than being called an anchor with a silent "w".
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Anyone know the currently cash holding for NZO?
(this really belongs on the PPP thread, but similar thoughts do apply to NZO)
Bowman ,
WTI crude only went over the threshold in November 2007, so the calls expiring before that (and they
will have been spread through the months to match some expected production figures so that
they could be considered 'covered' calls as opposed to 'naked' ones) will have expired
worthless. Even calls expiring up to Feb 08 would only have been worth a few dollars per barrel.
The question is whether there were any calls expiring after that, if so how many and when.
The company should disclose the details of this, so that we can form an opinion whether there
still exists any exposure. (Independently of this some of the puts almost certainly do still exist,
I think they were spread to 2010)
BTW, the company annual report dated 30 June 2007 lists on page 18 under the heading
'Derivative premium paid' an income of AU$ 54000.
Something to think about. There are many posters here that give an impression about themselves but in real life are completely different. Some posters throw up curve balls, red flags, smokey mirrors and so on.
My advice, people have different motives to post on here but some are looking for their best interest only and not for the benefit of others. In short dont jump to too many conclusions when people make allegations without backing it up with factual information.
NITA, Why dont you ask some R SOLE to give you the list not that it will do you any good. You should know by now the traders are playing silly buggers with you shaking out the little borrow to convert investors. They will sell back to them later at a much higher price. You go by the volume. Companies, private trusts, family members names, who owns what is very easy to disguise if you are in to that sort of thing.
The share price will go sideways between $1-50 to $1-80 until NZO come out with its next new projects. They have to many hold forever and a day large investors for the sp to move to far in either direction up to when the market crashes, and one of them require cash. Macdunk
Yesss, indeed what has happened to the posting by RRSHOLE of priviliged IRESS information on the holdings of the top 50 NZO investors ?
Clearly the post has been deleted ...... on the threat of legal action by IRESS ??
I'm have nothing against contrarian posts and for contributers to emphasize the risks in NZO investing ...... indeed it forms an important part of estimating the whole risk/reward equation.
But to simply p.iss on a share with out a shred of analysis is the mark of a TROLL.
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Could be the work of the Invisible Hand at this esteemed establishment, but then that might be an allegation without any factual backup :cool::cool:
I with you Zorba. In fact i encourage all views. What is dissapointing is where you have clowns that bring up all sorts of allegations without backing it up with facts. I am more concerned about the new investors who look at these threads for insightful information.
I have no problem in people speculating about what may or may not happen as people can digest the information themselves. But this is significantly different than the likes of Sniper and co that were trying to scare off investors probably for their own gain.
Bring on the good the bad and the ugly i say.
A correction is long overdue and we may be seeing it now. Just my speculation of course