Lets see what they have to say at the annual meeting.
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Lets see what they have to say at the annual meeting.
Beagle I would say the huge majority of holders in PAZ are happy to stay on the Unlisted for awhile longer. I also suspect they are more interested in the daily production numbers than the daily SP fluctuations !!
But agree and look forward to a NZX listing, eventually.
New ATH @ .34 !!, I wonder if the moving to the NZX is on the agenda any time soon, Percy your a Ch-Ch insider, can you get the weeze on that ?
Listing would cost a great deal.Today I looked at a small Aussie listed company ,which disclosed the following costs.[Note Aussie dollars.]
Listing compliance, and corporate costs.$1,022,000
Expenses of the offer..............................$859,000.
Total Aussie dollars.............................$1,881,000
Now I do not know what on going listing costs would be, but lets say $1mil a year.
PAZ will be spending $8mil on further expansion this year including another huge freeze drier.The last freeze drier was installed under 2 years ago, and was the biggest in Australasia.
This $8mil is being funded from retained earnings and increased bank debt.So paying out nearly $2mil to list does not seem likely.
So at this stage they do not require further capital,so no need for a NZX listing/capital raise..
The other thing we must remember is the directors and large shareholders will not want to see their holdings diluted until they see the market fully valuing the company.
Perhaps once this latest $8mil of capital is fully generating revenue , we may ourselves be able to come up with a more realistic value.
They are not spending $8mil to generate $2mil of sales.
The agm outlook projections are going to be rather interesting/exciting,and I am sure it will make the buyer today, at 34 cents, look very astute..