Originally Posted by
Toddy
This is exactly what I was talking about.
'There are a number of variables - including oil price, production rate, and
the exchange rate'................ non of which your board wishes to take any control over. So, therefore I am going to give you, the shareholders a 'stab in the dark'.
Question
Can NZO management put together a policy and procedures where they can minimise the negative impact of these variables on future earnings of NZO.
Would such a policy help clear the muddy waters of such financial estimates as presented at the agm.
Guys, dont beat me up about this. I'm just trying to help shareholders understand that if NZO Management want to ensure that the options are exercised, then a much clearer cashflow and funding policy direction should be presented to the market. If and when the oil price drops back, you can bet your bottom dollar that the NZO SP will follow.