Likewise -at a $1.25-an absolute steal IMHO
If you have got $300 million in the bank could it be a better time to find bargains ?.
Looking forward to a very big dividend tomorrow .
Printable View
We may be closing in on a bazaar time where the street-value of one NZO share is worth less than its cash backing alone. Perhaps NZO will issue dollar notes for share certificates? Better still, NZ could swap their currency for the $NZO - backed by cash in the bank - just like the old gold standard.
confusing times indeed.
what happens to NZO's $300 million in the bank if the bank(s) fall over?
How many percent does NZO have in PRC?
31 per cent
http://www.nzog.com/Pike
It's time to dump Pike - the Indians and Chinese need the us to support their booms. That support is fading, and so will the demand for coking coal.
I think China can support their internal economy.
But not India, India's economy is a hopeless case, going to be 75 years behind China by the end of the century.
However, think being in coking coal is better then in thermal coal.
It is a concern alright but i think it is as safe as it can be in todays market.The problem become what is best to do with it.The present finanical crisis will go on into the near future so many opportunities will arisis.I just hope to hell no committments have already been made.
Fabs there is no investment expert on the NZO board or any other board. This meltdown is unlike any other that has ever occured so we are all in the dark about what to really do.To spend it quickly in the belief that the crisis will be over tomorrow or hold as it will only get worse and thereby opportunities better down the track---that is the question.
Digger
It's probably most prudent for NZO to largely ignore whats going on in the US, & with the $$$ coming in from Tui (adding to the cash pile) to sort out the Kupe finances before looking elsewhere. (Further cost overruns?)
Perhaps even further assistance with Pike if required?
Just look at the likes of BPT:ASX - buying into Albania, Egypt, Spain etc as an example of not sticking to ones knitting!
Am looking at NZO again ;)