NZO are very good at throwing good money after bad, they have...

NZO are very good at throwing good money after bad, they have been doing it for years.

very one sided deal with CUE taking on most of the cost to drill (a lot easier to spend someone else's money)

always a big risk when drilling and i except you often hit nothing, however, with CUE I would have rather a conservative approach with lesser proportion of the cash spent on exploration and some set aside for a share buy back or dividend. Share price would be looking much better if this was the case.

The have some good assets so all is not lost, just their capital allocation is poor. certainly cold improve returns for ALL shareholders.