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re: Ann: ADDRESS: NZO: Presentation to the Ex...
Good presentation.
Should the Pike River Coal sale go forward after the end of March (due diligence period) and all indications at present are that it will. The we may see another few cents. I would then expect the SP to fluctuate around that until near Div time. An announcement of proposed Div at that time may assist, especially if NZO intend to add an extra cent to help make up for last years outcome.
After that NZO IMO will need to put another run on the board from the balls they are juggling.
In the mean time, I hope the buy back continues, especially as the new CEO was granted 3m shares in options, there hasn't appeared to be any buy back over the past fortnight.
It's hard to go past a prospector which has a more than healthy income and pays a reasonable to good DIV, especially at the present undervalued SP. I for one will be accumulating some more.
