I'll post a reply to my previous post rather than respond to Mingi's.
Tui, I agree that the problem with the options is the timing, and this is the operatic bit otherwise there would be no drama.
There is still time for:
PRC Coking coal price to double with some undertakings for the contract price to last for more than a year, which should cause the PRC share price to at least double. Most Australian producing coal company shares have already doubled.
Tui could upgrade - Digger says to 64M barrels recalling initial oil in place and great recovery through stronger than planned aquifer and fitting those pressure controllers - DS also says that the field is just much bigger than they thought. So there could be 1 or 3Mbo for NZO there.
Kupe/Momoho/other near field discoveries - likely to be late but an increase in liquids or more reserves could give DS his target reserves.
The last possibility is a preferred partner/white knight taking up a major financial interest....
Remember, DS is a lawyer and lawyers never pose a question that they do not already know the answer to....his performance targets will,consequently, probably turn out to have been soft...
So the options look pretty safe to convert - it is just how many rabbits have to be pulled out of the bag and at what price. Price is where I believe some manipulation may occur by those with real money. Don't expect a share price a lot over 1.50 for very long before conversion.
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Last
38.5¢ |
Change
0.020(5.48%) |
Mkt cap ! $86.22M |
Open | High | Low | Value | Volume |
36.5¢ | 38.5¢ | 36.5¢ | $2.535K | 6.885K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.375 |
3 | 38241 | 0.365 |
2 | 89367 | 0.360 |
2 | 1704 | 0.350 |
1 | 5000 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 100 | 1 |
0.400 | 11693 | 2 |
0.410 | 16013 | 2 |
0.420 | 1350 | 1 |
0.430 | 327266 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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NZO (ASX) Chart |