nzo fundamental price change underway, page-13

Interesting debate as to whether to exercise or not. It all depends on whether you think the company can use the money effectively.

Under old mgmt, definitely not. And I can understand MN's viewpoint on this being a player with a long period of experience in the market.

But under the new CEO, definitely yes.

Time will tell I suppose, but there is going to be a stream of good news coming out between now and June 30, especially the drilling of Momoho.

I wonder if they get it up past $1.50, whether a broker or series of brokers clubs together to encourage the exercise for the usual 5% fee. With over A$200M of exercise needed, 5% of that would be a very tidy commission indeed. Could introduce some very serious institutions to the register this way without having to bid for the shares in the market place to get a large parcel on board.