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re: Ann: SSH: NZO: SSH Notice - Zeta Resource...
No, but I agree, they may be able to get one a Directors seat for one of their choices if they are so inclined.
A buy back would'nt hurt the company, on the contrary. But personally I would rather see the money expended on more drills or higher percentage for those drills where they consider a higher than usual COS. Although there's never any certainty in that.
Of course a buy back may also be something that fund would love to sell back into and reduce any sell off share price. On the other hand a buyback without them selling into it would also eventuate in them having a higher percentage of NZO, depends on whatever their Agenda may be.
I am surprised they managed to pick up 6m shares with limited movement of the SP though.
I am surprised that there is not a lot of other Fund's competition here as NZO is an excellent DIV return for it's SP, assets (returning wells) and cash in Bank value which makes it easy to see that is it undervalued.
For my money NZO is a good addition to my personal investment fund, but that's pretty much a no brainer for myself.
