agreed EL this is a great deal for nzogcc (as i now call them) and does indeed make their stake in PRC look much more attractive and adds significant value to it.
my initial reaction was a prediction that they will use the rest of our cash to fund some vertical and horizontal integration eg. buy an Fe mine, build a gas fired steel mill next to kupe and then knock out a few FPSO's to cope with future taranaki output. or maybe just swap the coal rights for an oil tanker or an offshore rig.
i'll stop before i get carried away lol but i cant imagine many holders voting against this clever deal and im guessing that we will see increasing demand for nzogcc shares as a result.
agreed EL this is a great deal for nzogcc (as i now call them)...
Add ECH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
38.0¢ |
Change
0.020(5.56%) |
Mkt cap ! $85.10M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.0¢ | $4.86K | 13.05K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17109 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 5806 | 1 |
View Market Depth
| Last trade - 14.41pm 10/09/2024 (20 minute delay) ? |
| ECH (ASX) Chart |