Agree with you winner69, but they both match each other in come true Prophesies.
BTW THE BOARD COULD ALSO START BUYING A FEW THOUSAND $ S WORTH OF LOTTO TICKETS EVERY WEEK.
A strategy maybe as good as any at the rate this is developing.
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Agree with you winner69, but they both match each other in come true Prophesies.
BTW THE BOARD COULD ALSO START BUYING A FEW THOUSAND $ S WORTH OF LOTTO TICKETS EVERY WEEK.
A strategy maybe as good as any at the rate this is developing.
I'd like to buy in again at some stage, I really would. I'd like to be buying into NZO at a time when the company has resolved the matters which are currently clouding it's outlook. The PRC situation is a saga I have been following for some time, and it's fascinating. Over the course of reading the information coming through from PRC, the posters in this and the PRC thread, and also information from other sources, I reached the following conclusions:
1/ PRC was grossly under-costed and under-funded from the start, and that has made the current situation practically inevitable.
2/ PRC stuffed up the purchase of their continuous mining equipment. They took the wrong option, and 'cheapest is not always best / you get what you pay for.' The Sandvik ABM20's were always the better, if more costly, option.
3/ There are people currently within the top management of PRC who have displayed questionable judgement coupled with a lack of accountability and a prolonged inability to learn from past mistakes.
I would be very happy for NZO to find a way to extract itself from the position it is in with PRC.
NZOG has this millstone of Pike around their neck and they won't be able to rid themselves of it for at least a year.
Meantime they are blowing their money by buying back their own shares as an artificial method of keeping their share price up.
Expect nzog to pump more money (shareholder's war chest) into Pike to keep them going.
so much for the bright future of 2-3 years ago when they had is this money after Tui came on. All these seem to have done is increased their staff levels and amount of money they have spent with no tangible results.
Are they going to drill Kaupokonui when they have only managed to attract one farm in partner to 20% of costs? nzog will have to fund 80% of the well and I can't see them doing that. Expect them to relinquish the permit. Will DS on his 550K will sort things out?
I pending drill should be all that it takes to stop the sp sliding.
m
Yes true,
but it stops them going down to the more realistic level of between$ 1.05 -$ 1.15 and i would not buy any even at that.
Unless the problems with PRC are resolved there has to be some quantum improvement elsewhere for this Co. which i always thought since Tui & Kupe would be a co. with a bright future.
CHEERS
Let our Thoughts and Prayers be with the Missing, Families ,Relatives and Friends.
so what the hell happens now??
Not much by the looks of things .
If you are referring to trading I believe there is a halt to trading on the asx which continues until tuesday unless otherwise notified.
During this long wait for a rescue my mind has had occasion to think what should I do next week-
NZO still has money in the bank and those valuable oil fields producing income so will stay solvent- I expect the sp to drop about 25c-but its anyones guess .
I hope a trading halt will continue longer-especially if the trapped men are not brought out .
It would seem almost obscene to be doing so