I'll post a reply to my previous post rather than respond to Mingi's.
Tui, I agree that the problem with the options is the timing, and this is the operatic bit otherwise there would be no drama.
There is still time for:
PRC Coking coal price to double with some undertakings for the contract price to last for more than a year, which should cause the PRC share price to at least double. Most Australian producing coal company shares have already doubled.
Tui could upgrade - Digger says to 64M barrels recalling initial oil in place and great recovery through stronger than planned aquifer and fitting those pressure controllers - DS also says that the field is just much bigger than they thought. So there could be 1 or 3Mbo for NZO there.
Kupe/Momoho/other near field discoveries - likely to be late but an increase in liquids or more reserves could give DS his target reserves.
The last possibility is a preferred partner/white knight taking up a major financial interest....
Remember, DS is a lawyer and lawyers never pose a question that they do not already know the answer to....his performance targets will,consequently, probably turn out to have been soft...
So the options look pretty safe to convert - it is just how many rabbits have to be pulled out of the bag and at what price. Price is where I believe some manipulation may occur by those with real money. Don't expect a share price a lot over 1.50 for very long before conversion.
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Last
37.0¢ |
Change
-0.020(5.13%) |
Mkt cap ! $82.86M |
Open | High | Low | Value | Volume |
38.5¢ | 38.5¢ | 37.0¢ | $6.21K | 16.14K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1786 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.0¢ | 10562 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1786 | 0.370 |
1 | 2345 | 0.365 |
3 | 1705 | 0.360 |
2 | 70522 | 0.355 |
3 | 624 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 10562 | 1 |
0.385 | 10418 | 1 |
0.390 | 34989 | 2 |
0.400 | 535 | 2 |
0.410 | 2500 | 1 |
Last trade - 15.48pm 27/09/2024 (20 minute delay) ? |
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