welcome back digger
m
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welcome back digger
m
Thanks machine.
So how are we going to get this practical imput unto the board.Well if you are a feet on the ground person like myself it is very very simple.At very AGM the director sit up front and are faced so that they have to stare directally at the wisdon of the crowd. Yet when it comes to spending our money not one survey was launch to find out what we thought or what new and varied ideas we might have had.That is exactally what i would have done if i ran the show.The board has failed to first of all collect the widest possible varied ideas from the shareholders on how and where best to spend our money. Maybe at the end of the day they already had the best plan,still the non search from shareholders shows my point of a dominance of academic leadership. The board can hardly say they did not seek our ideas as they did not have our address. They certainly had our address in the last few years when our money was needed. My own thoughts is that we should be looking at forming a JV to buy a stake in a oil drilling rig. It is the tool of our trade and with the current finanical failure some pick up the morgage deals are likely to emerge.
Looks like opening at 1.31 today. Good time to spend this weeks dividend on buying more.
Bit of a precarious situation here for good ol NZO... On the way hand they're producing strongly and have a huge war chest sitting in the best place possible (given all the world economy crap going on)
... But on the other hand everyone's betting on demand destruction and the USD is hanging in there (for some reason)... So the POO could dive. I really don't want to, but am starting to look towards the exits, my faith is starting to dwindle that the sp will recover short/mid term.. Thoughts?
Welcome back reggiD/Reggid - as one long committed to 'doing my own dirty work' I've long felt that NZOG owning, or having a substantial share in, an oil rig would be a quite appropriate strategic investment. Especially given - 1. Rig (part?) ownership would be appropriate as a 'same field' business, 2.The ongoing scarecity of rigs available. 3. The ever-increasing of costs of hiring them and 4. NZOG's proposed further exploration activities. Makes sense to me.
Hi All,
Posted this on the 18th sept also a warning of the dead cat bounce on
the 16th Sept. Hate to be the one that said I told you so!
Whish I'd listened to Dunc earlier and got out of all my shares then.
I was on an Aussie webinar last night, the team had been watching a couple of US banks at there lows and instead of thinking a GR8 buy to accumlate @ $20 chose put options. Well Wochovia WB dropped from $10 on Friday to $3 on the premarket open, as we were online last night at 11.45pm they closed the webinar saying they were breaking out the Moet and partying. Made $20,000 & 15,000 in 3 days. Now thats action!!! Now closed at $1.80 with Citybank buying into them and there junk debt's.
These banks are like Dominoes and even the Bush bailout is chicken feed to whats to come! I think far worse than the 87 Oct crash. I know I was a fool and bought my first shares thinking I'd picked the bottom after it, only to dicover the meaning of the DEAD CAT BOUNCE ;-(
You can't eat oil or gas, It'll be back to basics foodn shelter.
As the big US consumers and pension funds loose money
That's all they will be able to afford.
NOT the luxury of Travel
Buy the foodies and trailer and tent makers
bought more ...