Forum Archive Index - December 2001

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Re: RE: [sharechat] NZOG

From:	"phjones" <phjones@xtra.co.nz>
Date:	Mon, 17 Dec 2001 17:01:57 +1300

As a shareholder you may end up with 3 shares ...PPP, NOG, and the coal shares instead of 1 NOG share

Is it not a way to achieve full value of assets for shareholders?

It worked well with the Fletcher group

The respective entities can then obtain independant funding to grow their activities

Easier to bank things this way in my limited experiance

Directors have a lot of shares and options in NOG..so I am sure they are doing it to create value for shareholders----

The Pike River coal venture may not be that minor either....they plan to export 1 million ton of coke quality coal annually

Interested in any thoughts-------------------------------------------------
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