NSE 0.00% 0.4¢ new standard energy limited

Ann: Senior Management Strengthened , page-22

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  1. 6,049 Posts.
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    I think we have to give a credit to NSE management for their decision about selling Buru shares at the right time. There $13.8m difference if they would sell the Buru shares today @1.95. (It looks like it may go lower despite the good anns today)

    NSE sold;

    5m Buru shares @3.18 ......... $15.9m
    10m Buru shares @2.74 ........ $27.4m
    ----------------------------------------
    Total value of shares sold ... 43.30m

    If the 15m shares was sold today @1.95 the total value would be $29.25m.

    The difference would be; $43.30m - $29.25m = $13.80m

    This difference represents more value than the cost of Gibb Maitland-1 well drilling. We can assume that we have drilled it free!

    That sounds to me very good that NSE management is very good at making the critical decisions.
 
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