It's quite all right old chap, don't apologise.
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Does anyone know the depth, if any of the NZO boards expertise in coal mining, or for that matter investments, apart from them alluding to be guns in oil & gas exploration?
So we agree to disagree than Mr Lion .... that Mr 9fingers post does reflect what goes on in many organisations .... its only natural behaviour .... and Pike seems to show all the symptoms of that behaviour
Maybe we agree to disagree because our emotional attachment to the subject in question is different
I recently had the chance to have discussions with TR , DS, a distiguished investor whom I won"t name and Chris Roberts . They impressed me with their experience and knowledge .They are far too modest too ever allude to be guns and strive to be as open and honest as possible .
Forgive me, but everytime I read a Nine digits negative post the name Sniper comes to mind, remiss of me I know.
FISH
personally i share the same sentiments about TR my association with him stretches some 20 years, been in and out of MIN. RES. OTTER GOLD, PPP, NZO, & indirect PRC.
Yes all the good stuff in these co,s can be directly attributed to him.
The old but now realized TUI & KUPE are mainly in the hands of other Co,s.
Lot of comments and claims have been made in recent documents about where, the mostly new and highly salaried members of the board will
take NZOG in the last 5 years.
I do not now who writes or edits these reports [ 1/4 1/2 yearly reports ] also projections where they intend to take the Co.
To say the lest i am not impressed so far, but ready to recant if there is measurable progress but patience starting to erode fast.
We all know and have heard often enough how great Tui & Kupe are.
I'm 'negative' - I would say say honest or realistic - about PRC. It seems to me that the project infrastructure alone (never mind working capital) was under-costed by about $150 million from the get-go. Corners were cut to try and deliver a fully operational mine on the cheap. The cheap solutions used have cost PRC - ultimately the share-holder owners - as yet unquantified millions of dollars & untold lost credibility.
I like NZO, I'm up-beat about their oil & gas assets. But PRC is an on-going disaster.
No question Logen, PRC have certainly got issues and right now my truckload of options are looking a bit shaky but as well as for ever emphasising the negative how about recognising there is (in my view) still opportunity in PRC, all is not lost.
LNF and Balance-do you have a strategy? Will you buy in when or if the share price drops to $xx? Or are you just observing? putting this much energy into this thread means you must have some sort of intentioin-Im curious what it is....