That is just a rehash of a previosly stated position (apart from the "were not gambling with your money statement"). Activities reports state what has happened - not what is going to happen.
I think that "we have no idea what we're doing with it at this stage" is too harsh - we have been informed that they have been actively seeking and analysing investment options.
I do agree with you that an outline of where to next would be great, but as that info is undoubtely commercially sensitive I would imagine that either the AGM or an announcement post deal will be the next we hear of NZO's plans going forward.