You do wonder if someone walked in the door with enough cash to take control and capitalize on what has been achieved to date...
What would they need to spend?
What has been achieved to date that's worth while? I am thinking Petroleum Licenses, Underground Burning test, Generators sitting doing nothing, various state government agreements - I mean they have been slow but haven't done nothing.
With a clean slate (i.e. total control) what would they do with it?
For the above to be true (it's worth taking over) - the assumption is that they have had poor leadership and that has been the main impediment to progress. Is that true?
If you bought all the shares - and started again with a clean share register and far less shares on issue - what would you need to spend?
By the way I think the China deal is just a distraction - they're having their brains picked.
Just a thought.
----------- Just some mad thoughts - don't make investment decisions on these speculative rantings
NRZ Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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