Posted by dargie on 21/04/08 (re: nzo 1.54 in nz)“I would not be...

Posted by dargie on 21/04/08 (re: nzo 1.54 in nz)
“I would not be surprised to see a major institutional broker step up to the plate and partially underwrite the options expiry (for a fat fee of course). They will be able to get their clients into a solid oil producer with upcoming projects still to come on stream and potential drilling at a fixed price without having to bid in the market.”

Posted by dargie on 30/05/08 (re: back in the kennel)
“They are going to need some broker to appear with a partial underwrite to get this conversion fully exercised. There are I am sure plenty of Aussie instos and high net worth punters more than willing to get a decent chunk of shares on the register at $1.50 without having to buy them through the market.”


dargie,

Is NZOG currently facing a hard time? Is the company desperate for money? If not, why would the company be so silly as to introduce institutional brokers to be their underwriters, an action that would upset both its option and head shareholders?

chc