PPP 0.00% 3.7¢ pan pacific petroleum nl

on your mark, page-54

  1. 9,284 Posts.
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    if nzo offered that figure they would not get the required shares. its come to the point where nzo and ppp dont need each other but nzo has taken the step to buy into ppp clearly for some reason why take a 15% stake if they only need 10.0% to stop a takeover. Why would nzo want to prevent a take over ? what is a strategic stake and the reasoning behind it ? nzo have yet to state what they want from their ppp holding but clearly it was top priority if they acted on it first. i think nzo intentions are quite clear but if they do want a t/o they will have to up what they have been paying for ppp shares and they will have to offer a good script offer. i dont know why people on this thread believe that nzo will use some of their cash warchest to pay out ppp at these times cash is king and they will want to retain it at present. bring on the 1+nzo:2 ppp script offer.
 
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