I learned a very important lesson with CUE and NZO – never buy shares in a company with a blocking stake greater than 50% or 20% for that matter.
Sold out awhile back in both, put all the proceeds into US/Canadian Natgas – haven’t regretted that one bit.
Key for me:
Lifestyle Company
Lack of reporting both operational and financial
Questionable& fragmented jurisdictions/permits. Non operating
Crazy complicated financial & controlling instruments (related party)
And the final straw, the underwritten rights issue on NZO . No one in NZ (primary listing) buys or understands O&G stocks anyway and so was always going to dilute us. Just keep diluting until you get to 90% boys
Yes I’m bitter, lost a lot... but learned some stuff too.
Ann: Quarterly Activities Report, page-20
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.82M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.3¢ | $106.2K | 987.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1261542 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1918113 | 9 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| CUE (ASX) Chart |