NZO 0.00% 36.5¢ new zealand oil & gas limited

So, what is a reasonable price?, page-22

  1. 604 Posts.
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    What I am about to say is in no way, shape or form a recommendation. DYOR, but...

    As it stands, Cue shareholders could sell some of their shares and effectively buy them back cheaper by purchasing NZO. remember, for every 2 NZO shares you buy you are effectively getting 1 CUE share.

    Then you add in the 15% Ironbark direct interest, 4% Kupe producing asset and NZ$50M sitting in the bank (with no debt) and you are looking pretty good imo at current prices.
    Last edited by mistaTea: 29/09/20
 
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