"The shreholders stand to get very little if anything"
While it is understandable to take that view as a small shareholder and think that we will dip out.....and we could very well dip out.....I would remind people that NZOG is also a "shareholder" along with the other Indian companies.
While I do not hold out a great deal of hope at this stage I am conscious that NZOG is a 30% "shareholder" and will be keen to have a resolution or a solution which is satisfactory in some way to NZOG.
Whether that solution benefits "shareholders" in general is the big question. We have been told that the insurance issue ($100 m)will not be sorted out till next year so it is just going to take time to sort through and see what is feasible.
The whole thing will revolve round whether they can get to a point where it is possible to get either robots in to check the mine or get actual human entry following that. The Christchurch earthquake set back the intention to send in a robot. Just a case of waiting it all out. Months of delay and doubt and uncertainty.
PRC Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
